FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro- Woodies Pivot(Major) 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro- Major European Indices 
• GBP/AUD slipped to hit two month low on Friday after UK GDP data surprised to the downside, putting renewed pressure on the pound.
• UK GDP fell for the second month in May, raising fresh challenges for Rachel Reeves as global headwinds grow.
• The UK economy contracted by 0.1% in May, following April’s 0.3% drop, the ONS reported.
• The weak data has strengthened market conviction that the Bank of England will cut rates in August, with odds of a 25 bps cut now near-certain.
• Technical signals remain bearish, with RSI at 36 and the 5-, 9-, and 11-day moving averages all trending lower.
• Immediate resistance is located at 2.0655(38.2% fib), any close above will push the pair towards 2.0810 (20 SMA).
• Strong support is seen at 2.0478(March 27th low) and break below could take the pair towards 2.0299(23.6% fib).
Recommendation: Good to sell around 2.0530, with stop loss of 2.0650 and target price of 2.0400
