• GBP /AUD dipped on Monday as markets looked ahead to the BoE meeting.
•The pound is also came under pressure versus the Australian dollar on gains in copper and iron-ore.
• Investors on Monday squared position ahead the MPC, which is expected to hike rates 25bps.
• The pair hit daily low at 1.8983 and was last trading at 1.9021 .
• Technical signals show the pair could gain more ground in the short-term as RSI is at 61 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.7654 (50% fib), any close above will push the pair towards 1.7744 (61.8% fib).
• Immediate support is seen at 1.7587 (5DMA) and break below could take the pair towards 1.7553 (38.2%fib).
Recommendation: Good to buy on dips around 1.9000, with stop loss of 1.8900 and target price of 1.9070.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro- Major European Indices
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217 



