- GBP/USD has broken 1.5250 after release of weaker than expected UK retail sales.
- UK Oct Retail sales decreased to -0.6% m/m compared to forecast of 0.5% Vs 1.9% in Sep and core retail sales declined to -0.9%. Decrease in retail sales has dampened the optimism over the country's economic outlook and reduced the chance of rate hike by BOE.
- Technically the pair is facing strong support around 1.5220 (55 4H EMA) and any break below targets 1.5150/1.5080.
- Short term bullishness only above 1.5300
It is good to sell on rallies around 1.5260-65 with SL around 1.5300 for the TP of 1.5180/1.5150


FxWirePro: AUD/USD pressured by rising treasury yields, risk-off mood
FxWirePro: USD/JPY loses momentum but outlook is bullish
Major Pair Currency Score: USDCAD and USDCHF Lead Bullish Momentum, While NZDUSD and AUDUSD Face Extreme Bearish Pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD remains soft as US bond bloodbath dominates
GBP/JPY Pullback Deepens: Sell-on-Rallies Strategy Targets 207.00 Support
FxWirePro: EUR/AUD retreat from early gains, eyes another drop
FxWirePro: USD/CAD hits two month high as Canadian as retail sales post monthly decline
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD sustains gains as uptrend remains strong
ETHUSD Surges Past $2700 on Strong Institutional Demand, Technicals Show Bullish Crossover Despite Cooling ETF Inflow Momentum
FxWirePro: USD/CAD extends advance as falling oil prices pressures commodity-linked loonie
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD firms slightly, but outlook remains bearish
FxWirePro: GBP/NZD steadies around 2.3350 , retains bid tone
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely
USD/CHF Bulls Eye 0.8400 Breakout as Broad Dollar Demand Drives 100-Pip Surge 



