- RES4: 1.6025 (100% projection of 1.4564 to 1.54997 from 1.50880)
- RES3: 1.5815 (161.8% retracement of 1.5746 and
- RES2: 1.5750 (161.8% retracement of 1.5497 and 1.50880)
- Res1:1.5710 (May12th high)
PRICE: 1.5650@ 11:32 GMT
- SUP1:1.5640 (34 day H EMA)
- SUP 1: 1.5590 (23.6% retracement of 1.5088 and 1.5746)
- SUP 2: 1.5550 (May 12th low)
- SUP 3:1.5480 (May 11th low)
GBP/USD has made high of 1.5746 and retreated after BOE has revised down growth forecasts in its quarterly inflation reports. Short term trend is bullish as long support 1.5590 holds.
Technically GBP/USD major resistance around 1.5750 and any break will target 1.5815/1.6020 in short term.
It is good to buy at dips around 1.5640 for the target of 1.5745/1.5815 with stop around 1.5590.


FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95
FxWirePro:EUR/NZD extends fall, key support lies ahead
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY
FxWirePro- Major Pair levels and bias summary
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
FxWirePro: NZD/USD steadies around 0.5830,retains bid tone
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
FxWirePro- Major Crypto levels and bias summary 



