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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
• GBP/AUD strengthened on Thursday but gains were limited as investors as investors eyed US, UK economic data.
• Investors were in a wait-and-watch mode over U.S. personal consumption expenditure (PCE) numbers, due on Friday, which could influence the Federal Reserve's stance on interest rate cuts this year.
• Additionally, UK gross domestic product (GDP)figures could add to the Bank of England's confidence to cut rates in August.
• GBP/AUD remains vulnerable, only a break and daily close above 1.9128(50% fib) will shift bias to the upside.
• Technical are bearish, daily RSI is negative at 41, daily momentum studies 14 and 21 DMAs are trending down.
• Immediate resistance is located at 1.9051 (38.2%fib), any close above will push the pair towards 1.9125 (50%fib).
• Strong support is seen at 1.8947(23.6%fib) and break below could take the pair towards 1.8847(Lower BB).
Recommendation: Good to sell on around 1.9040, with stop loss of 1.9150 target price of 1.8950
