• GBP/USD edged lower on Wednesday after data showed British consumer price inflation fell to in October.
• Consumer price inflation fell to 3.6% in October from September's joint 18-month high of 3.8%, as expected by the BoE and economists..
• The data solidified expectations of a BoE rate cut in December, while broader markets remained directionless as U.S. agencies worked through a post-shutdown data backlog.
• Markets now assign an 86% probability to a 25-bps BoE rate cut in December, up from 80% on Tuesday.
· After halting its quarterly rate cuts this month, the BoE now awaits the Nov. 26 budget, where Rachel Reeves plans to avoid policies that could fuel inflation.
• Immediate resistance is located at 1.3144(38.2%fib), any close above will push the pair towards 1.3179(SMA 20)
• Strong support is seen at 1.3010 (23.6%fib) and break below could take the pair towards 1.29711(Lower BB).
Recommendation: Good to sell around 1.3170 , with stop loss of 1.3250 and target price of 1.3100


FxWirePro- Major Pair levels and bias summary
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
FxWirePro- Major Pair levels and bias summary
NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend
AUDJPY Surges to One-Month High on Australian Dollar Strength
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech 



