UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
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FxWirePro-Major European Indices 
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FxWirePro: GBP/NZD remains bullish as rally continues 
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FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
FxWirePro- Woodies Pivot(Major) 
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USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
FTSE100 tumbled sharply following in the footsteps of the global equity market. US stock indices especially Dow Jones, dropped more than 1000 points as rising inflation will increase the chance of more aggressive rate hikes by the Fed. The UK yearly CPI came at 9% in Apr, slightly below the forecast of 9.1%, as energy prices soars. FTSE100 hits an intraday low of 7270 and is currently trading around 7270.
Technically, the index trades below 200-day MA, and a dip to 7156 is possible. Any break down 7150 will drag the FTSE100 to 7000/6750.
On the higher side, immediate resistance is around 7332 and breaks above targets 7400/7487/7503.
It is good to sell on rallies around 7338-40 with SL around 7400 for the TP of 7155/7000.
