• GBP/AUD declined on Friday investor appetite to look for returns outside the U.S. currency and higher commodities prices boosted Australian dollar.
• Bears have tightened their grip on this market,A break, daily close under 1.7811(38.2%fib) could deepen losses.
• Technical signals show the pair could lose more ground in the short-term as RSI is at 43 bearish, daily momentum studies 9, 10 and 11 DMAs are trending down.
• Immediate resistance is located at 1.7916 ( 50%fib), any close above will push the pair towards 1.7964 (30DMA).
• Strong support is seen at 1.7811(38.2%fib) and break below could take the pair towards 1.7731 (Lower BB).
Recommendation: Good to sell on rallies around 1.7860, with stop loss of 1.7960 and target price of 1.7770.


Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: USD/ZAR retreats but trend is still bullish
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity 



