- Cable is consolidating after hitting low of 1.34735 yesterday. The pair jumped slightly by 25 pips afrom yesterday low. Cable was in corrective mode this week on slightly weaker economic data. The pair declined below 1.3500 on weaker than expected trade balance data. Theresa May is expected to meet business leaders and finance boss regarding Brexit. It is currently trading around 1.3490.
- Market eyes US PPI, initial jobless claims data to be released today for further direction.
- On the lower side, near term support is around 1.3468 (38.2% fibo) and any break below will drag the pair to next level till 1.3430/1.34020 (61.8% retracement). Short term bullish invalidation only below 1.3330.
- The near term resistance is around 1.355 and any break above will take the pair to next level till 1.3600/1.3700. Bullish continuation only above 1.3650.
It is good to sell on rallies around 1.3505-1.3510 with SL around 1.355 for the TP of 1.3435/1.3350.
.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD edges lower, bearish outlook persists
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
FxWirePro- Major Pair levels and bias summary
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: USD/CAD eases slightly but trend is still bullish 



