FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish 
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AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red 
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness 
FxWirePro: AUD/USD firms after upbeat consumer spending data 
FxWirePro: NZD/USD turns lower as USD regains footing 
FxWirePro: GBP/USD slips as dollar rebounds from six-week low 
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Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge 
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level 
FxWirePro: GBP/AUD bears maintain upper hand 
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish 
GBPUSD has halted its weakness after a huge sell off. The pair has lost more than 1700 pips from the high of 1.43767 made on Apr 2018. The decline was mainly due to Brexit uncertainty. Cable hits low of 1.26616 and shown a minor recovery from that level. It has jumped till 1.27327 after release of better than expected UK retail sales.
UK retail sales came at 0.7% much more than expected for the month of Jul. Analyst forecast 0.2% after a huge slump of 0.5% in the month of Jun. The positive economic data doesnt have much impact of Cable.
Technically , near term resistance is around 1.2753 (5- day MA) and any break above targets 1.2800/1.2830.
The major support is around 1.2660 and any violation below targets 1.2600/1.2500.
It is good to sell on rallies around 1.2735-40 with 1.2770 for the TP of 1.2660/1.2600.
