• GBP/USD extended decline on Wednesday as investors increased positioning in the dollar on prospects of more Fed rate hikes.
• Investor sentiment has shifted toward a potential rate increase after the Fed’s announcement, driven by concerns over inflation resilience.
• Meanwhile,Prime Minister Keir Starmer's resignation this week paved the way for a leadership contest that could potentially end in former Greater Manchester mayor Andy Burnham taking the role in July or September.
•On the macro front, traders are anticipating the Bank of England to lift borrowing costs by at least 25 basis points before the year ends.
• Immediate resistance is located at 1.3252(38.2%fib), any close above will push the pair towards 1.3355(SMA20)
• Strong support is seen at 1.3133(Lower BB) and break below could take the pair towards 1.3051(Lower BB).
Recommendation: Good to sell around 1.3170, with stop loss of 1.3260 and target price of 1.3080


FxWirePro- Woodies pivot (Major)
Sterling Slump Sends GBPJPY Toward 212.60 — Bearish EMA Stack Eyes 210
FxWirePro: GBP/USD slides toward critical support market reassesses UK political transition
FxWirePro- Major Pair levels and bias summary
AUDJPY Breaks Key Trendline Support — Bears Eye 110 as Momentum Accelerates
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD steadies around 0.9145 ,retains bid tone
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
FxWirePro- Major Pair levels and bias summary
NZD/JPY Loses Its Shine: Kiwi Cracks Under Pressure as Bears Target 91.80
FxWirePro: USD/ZAR remains buoyant, looks to extend gains
EURJPY Bounce Loses Steam Below 184 — Sell-the-Rally Setup Eyes 183 Target
FxWirePro: USD/JPY edges higher as the yen remains vulnerable despite repeated warnings of intervention.
FxWirePro: AUD/USD eases after Australian mixed CPI data 



