- Cable has shown a huge jump in the previous week from the low of 1.30750 and hits high of 1.3374. The main driver for the rally was the UK politics. The doubt over the Theresa May’s position was cleared and that is main reason for the huge jump in Pound. It is currently trading around 1.32996.
- UK major economic data is to be released this week. Britain’s inflation data and BOE governor Carney to appear before parliament on Tuesday. The employment report which will be released on Wed.
- The near term major resistance is around 1.3337 (20- day MA) and any break above will take the pair to next level till 1.3400/1.3420/1.3460.
- On the lower side, 1.3230 will be acting as major support and any break below will drag the pair down till 1.3180/1.3120 level. Bearish continuation can be seen only below 1.3030.
It is good to buy on dips around 1.3285 with SL around 1.3230 for the TP of 1.3400/1.3428.


FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: GBP/AUD eases slightly, focus on near-term support
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro : EUR/NZD gains upside momentum but still bearish
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro: GBP/AUD edges lower, bearish outlook persists
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: USD/CNY edges lower, scope for further downside
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts 



