- GBP/USD is consolidating in narrow range between 1.30535 and 1.29397 for the past four trading session. The pair has recovered sharply from the low of 1.2937 on account of weak U.S Inflation data.
- Market awaits UK CPI data to be released tomorrow for further direction.
- On the higher side, 1.3033 (21- day EMA) will be acting as near term resistance and any convincing break above will take the pair slightly till 1.3082 (10- day MA)/1.3140 ?(61.8% retracement of 1.32680 and 1.29327). The minor resistance is around 1.2980/1.3000.
- The near term support is around 1.2930 (Jul 20th low) and any break below will drag the pair till 1.2845 (61.8% fibo)/1.28120.
It is good to sell on rallies around 1.3025 with SL around 1.3000 for the TP of 1.2847/1.28118.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
NZD/JPY Drifts Sideways: Mixed Signals Say “Stand Aside for Now”
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
AUD/JPY Buoyed by Holiday Calm: Buy the Dips Above 103.80 for a Run Toward 106
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CAD dips below lower range, bearish bias increases
Bitcoin Stalls on Boxing Day: Flat at $87K Amid Bearish EMAs – But CCI Signals Buy Dips to $85K for $100K+ Targets
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: AUD/USD bulls gain momentum heading into the year end 



