GBPUSD was trading higher and has jumped more than 50 pips after release of UK retail sales data.UK retail sales grew unexpectedly in the month of Aug. It rose 0.3% compared to forecast of 0.2% decline. Overall retail sales rose 3.4% on yearly compared to 2.1% gain last year. The better than expected retail sales and inflation data will increase the chance of BOE to hike interest rates.
Pound sterling has shown a minor sell-off after Theresa May rejected EU Barnier’s offer on the Irish border. It declined till 1.30985 and shown a good recovery.
On the higher side, major resistance is around 1.32150 and any convincing break above targets 1.3300. Any break above 1.3300 will take the pair to next level till 1.3365/1.3400.
The near term support is around 1.3147 (20- 4H MA) and any break below targets 1.30985/1.30600/1.3000. Any violation below 1.2965 confirms bearish continuation.
It is good to buy on dips around 1.3155-60 with SL around 1.3095 for the TP of 1.3300.


AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/CNY edges higher, outlook bearish 



