- Cable has shown a decline more than 100 pips till 1.37800 yesterday from the high of 1.39098. The pair shown a minor recovery today morning but weaker than expected UK data has dragged the pair down from the intraday high of 1.38309 and is currently trading around 1.38081.
- USD gained strength against all majors after dovish ECB meeting. UK manufacturing output rose 0.1% MOM against forecast of 0.2%. UK trade deficit widens in Jan and misses estimate. Market eyes US non-farm payroll data for further direction. Wage growth is the major data to be watched in jobs data and any data above 3% will be more positive for USD.
- Technically on the lower side, near term support is around 1.37600 and any break below will drag the pair down till 1.3700/1.3650.
- The near term resistance is around 1.3860 (support turned into resistance) and break above will take the pair till 1.3920/1.965/1.4000. The pair should break above 1.4070 for further upside.
It is good to sell on rallies around 1.3855-60 with SL around 1.3920 for the TP of 1.3760/1.3700.


FxWirePro- Major Crypto levels and bias summary
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch 



