• GBP/AUD dipped on Monday as investors rushed to the safety of the U.S. dollar and ditched the currencies of countries most exposed to rising energy costs
• Rising energy prices have fueled inflation fears, leading markets to scale back February bets on two Bank of England rate cuts.
• Money markets mostly expect the Bank of England to keep interest rates steady for the rest of the year amid rising energy costs and renewed inflation concerns from the war..
• Traders were also weighing the potential costs of fresh government support for energy bills after Prime Minister Keir Starmer said easing the cost-of-living strain was at the top of his mind..
• Immediate resistance is located at 1.9080 (SMA 20), any close above will push the pair towards 1.9298(38.2%fib)
• Support is seen at 1.8859(23.6%fib) and break below could take the pair towards 1.8810(Lower BB).
Recommendation: Good to sell around 1.9000 with stop loss of 1.9100 and target price of 1.8900


FxWirePro- Major Crypto levels and bias summary
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220
EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
FxWirePro: EUR/AUD bears maintain upper hand
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY
FxWirePro: AUD/USD remains buoyant, looks to extend gains
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/AUD loses momentum but outlook is bullish 



