GBP/USD seeing some weakness after solid gains in the previous two sessions which retraced almost half of last week's drop.
- Persisting risk-on sentiment continues to boost appetite for the riskier assets such as the US dollar, weighing on cable
- Due later in the day are UK industrial production and trade balance data, UK trade deficit is seen widening in July, while the industrial production is seen rebounding m/m
- Cable is currently trading at 1.5377, after opening at 1.5392, day's range 1.5404-1.5368
- Stochs on hourlies show bearish crossover at oversold levels, RSI biased lower, momentum studies base, 20 day Bolli's fall 5, 10 & 20 dma's conflict
- Immediate minor support is seen at 1.5352 (200-DMA), followed by a major support at 1.53 levels, next hurdle is seen at 1.5413 (previous day's high) and then 1.5491 (50% of last two week's drop)
Recommendation: Good to sell rallies around 1.5380, SL: 1.5410, TP: 1.5330.


FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD eases slightly but trend is still bullish 



