• GBP/USD recovered from nine-month low on Friday, but gains were limited as the latest data reinforced concerns about a slowing British economy.
• A survey released on Thursday showed that British factory activity shrank at the fastest pace in 11 months in December, with manufacturers reducing staffing levels due to higher taxes and weak foreign demand.
• Weak domestic data, coupled with ongoing challenges such as high inflation and uncertainty surrounding economic policy, capped any substantial upward movement in the currency pair.
• Immediate resistance is located at 1.2415(Daily high), any close above will push the pair towards 1.2487(50%fib)
• Strong support is seen at 1.2357(23.6%fib) and break below could take the pair towards 1.2323(Lower BB).
Recommendation: Good to sell around 1.2430 , with stop loss of 1.2550 and target price of 1.2350


FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: USD/CAD retreats slightly but trend is still bullish
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 



