Cable breaks minor support 1.5050 after release of weaker than expected UK Construction PMI.
- UK Construction PMI came at 55.3 in Nov compared to forecast of 58.2. Sterling falls till 1.50316 after weaker PMI data.
- Intraday Trend - Bearish
- The pair has broken major intraday support 1.5050 and confirms minor weakness, a decline till 1.5000 is possible.
- On the higher side major resistance is around 1.5105 and break above targets 1.5130/1.5160.
It is good to sell on rallies around 1.5050-055 with SL around 1.5080 for the TP of 1.5000/1.4980


FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: USD/CAD extends drop, faces 50%fib support
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro: EUR/AUD poised for further downside after key fibo break
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary 



