- Major resistance – 1.23000
- Major support – 1.2200
- Cable recovered slightly from the low of 1.22005 till 1.2270 level at the time of writing. It is currently trading around 1.22440.
- Short term trend is bearish as long as resistance 1.2300 holds.
- On the higher side, any break above 1.23000 will take the pair to next level till 1.2385/1.24350.
- The major support stands at 1.2200 and any violation below that level will drag the pair down till 1.2150/1.2080 level.
It is good to sell on rallies around 1.2255-1.2260 with SL around 1.2300 for the TP of 1.2150/1.2080.
Resistance
R1-1.23000
R2-1.2385
R3- 1.2435
Support
S1-1.2200
S2-1.2150
S3- 1.2080


Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro- Woodies Pivot(Major)
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/AUD moves lower on weak UK data
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major US Indices 



