GBP/USD has gained some ground on dollar to trade around 1.5097 levels in the early US session after finding support at 1.5052 levels.
- The ongoing weakness is set to continue for this pair as the resistance level at 1.5182 is likely to act as strong barrier to the bears and bring a further decline towards lower levels, therefore its good to sell this pair around 1.5120 levels.
- To the upside, the strong resistance can be seen at 1.5229, a break above this level would expose the cable to next resistance level at 1.5280.
- To the downside immediate support can be seen at 1.5088, a break below at this level will open the door towards next level at 1.5055.
Recommendation: Go short below 1.5120, targets 1.5050, 1.4950, SL 1.5220
Resistance Levels
R1: 1.5124 (Daily high)
R2: 1.5182 (23.6% Retracement level)
R3: 1.5261 (Nov 18th high)
Support Levels
S1: 1.5088 (38.2% Retracement level)
S2: 1.5055 (Daily lows)
S3: 1.5010(50% Retracement level)


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD heads deeper into bear territory, 23.6% fibonacci eyed
FxWirePro : GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD gaining momentum for a move towards 2.3100 level
FxWirePro: USD/CAD hits 14-month high , Scope for further upside
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR remains buoyant, looks to extend gains
FxWirePro: USD/CAD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD extends losing run, eyes 0.5600 level
BTC Slips Below $60K as Institutional Demand Dries Up — Bears Eye $59K Support, Rallies to $63K for Shorts
FxWirePro: USD/JPY dips as Japanese Yen consolidates near 40-year low
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6550
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bears Reload as 92 Resistance Caps Bounce; Sell-on-Rallies Eyed Toward 90
EURJPY Bounce Loses Steam Below 184 — Sell-the-Rally Setup Eyes 183 Target 



