• GBP/USD dipped on Wednesday after data showed U.S. consumer prices rose moderately in February.
• The Consumer Price Index report showed subdued underlying inflation, but attention shifted to rising oil and gasoline prices amid the escalating Middle East war.
• The Consumer Price Index rose 0.3% last month after gaining 0.2% in January, the Labor Department's Bureau of Labor Statistics said .
• In the 12 months through February, the Consumer Price Index rose 2.4%, matching January as last year’s high readings dropped out of the calculation..
• Meanwhile, investors remain cautious as the Middle East conflict threatens to disrupt global energy trade and trigger a price shock.
• Immediate resistance is located at 1.3426(50%fib), any close above will push the pair towards 1.3485(SMA 20)
• Support is seen at 1.3248(38.2%fib) and break below could take the pair towards 1.3229(Lower BB).
Recommendation: Good to sell around 1.3400 with stop loss of 1.3480 and target price of 1.3330


FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major European Indices
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
FxWirePro: USD/JPY edges up, looks to extend gains
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: GBP/NZD continues to recovers , upside pressure builds 



