GBP/USD popped higher after upbeat UK Industrial Production data, spiking above the 1.53 handle.
- Data earlier showed that UK industrial production during August expanded at 1.0% and manufacturing production grew 0.5% m/m beating market expectations
- Cable hit 2-week highs at 1.5311 after data and has pared some gains to currently trade at 1.5288
- Strong resistance seen by 200 DMA at 1.5318, and support is located at 1.5226 (4h Tenkan)
- Momentum is bullish, breaks above 200 DMA could take the pair to 1.5380 levels (converged Kijun and 55 EMA)
- Daily Stochs show bullish cross over from oversold levels, RSI is also biased higher
- Markets await BOE decision due to be announced tomorrow, NIESR GDP estimate due later today could decide further momentum on the pair
Recommendation: Good to buy dips around 1.5280, SL: 1.5210, TP: 1.5375


BTCUSD Recovers Amid Easing Tensions, But Resistance Looms
GBPJPY Weakens Amid Yen Strength: Sell on Rallies Recommended
USDCHF Faces Downside Risk as Resistance Holds; Sell Rallies Recommended
EURJPY Plunges Below 184 Amidst Yen Strength: Bearish Outlook Persists
FxWirePro: USD/ZAR slips as weak U.S. Jobs data weighs on dollar
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro: GBP/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/USD edges higher but rally stalls below post-NFP peak
Gold Surges Above $4100 on Weak US Jobs Data; Bullish Momentum Builds
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD slips on softer US payrolls but near-term direction hinges on 1.4154 support
FxWirePro- Major Pair levels and bias summary
NZDJPY Pullback: Bearish Trend Favors Sellers Below 92.50 Resistance
GBPJPY at Resistance: Sell Rallies Near 215.18 as Downtrend Beckons
AUDJPY Faces Headwinds: Selling on Rallies Advised as Bearish Trend Emerges 



