The cable has resumed its bearish trend, after breaking support level at 1.4730. The pair is all set to move in quick succession towards 1.4550 levels in the near term, as the debate over Brexit from Europe is set to weigh on the currency pair.
- Currently the cable is trading around 1.4668 levels, it is set to decline further towards 1.4600 later towards 1.4580 levels in the short term.
- To the upside, the strong resistance can be seen at 1.5730, a break above this level would expose to cable to next resistance level at 1.4800.
- To the downside immediate support can be seen at 1.5640, a break below at this level will open the door towards next level at 1.4572.
Recommendation: Go short around 1.4700, targets 1.4650, 1.4580, SL 1.4800
Resistance Levels
R1: 1.5730 (38.2% Retracement Level)
R2: 1.4800 (50 % Retracement Level)
R3: 1.4849 (Dec 30th high)
Support Levels
S1: 1.5640 (23.6% Retracement Levels)
S2: 1.4572 (April 5th lows)
S3: 1.4500 (Psychological levels)


FxWirePro: USD/ZAR consolidating around 16.995, room for further gains
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro- Major Pair levels and bias summary
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias 



