• GBP/AUD initially fell on Friday , but later recovered as investors digested the release of U.S. Personal Consumption Expenditures (PCE) inflation data.
•The key inflation reading provided fresh signals on the U.S. economic outlook and potential Federal Reserve policy moves .
• The U.S. PCE Price Index increased 0.2% in July, in line with expectations, down from June’s unrevised 0.3% gain.
• Sterling remains sensitive to UK fiscal concerns, keeping the pair on edge despite stabilizing U.S. inflation data.
• Market focus next week shifts to key U.S. employment releases including JOLTS, ADP, and NFP for potential clues on Fed policy direction.
• Immediate resistance is located at 2.0724(SMA 20), any close above will push the pair towards 2.0975(38.2%fib).
• Immediate support is seen at 2.0613 (50%fib) and break below could take the pair towards 2.0495 (Lower BB).
Recommendation: Good to buy around 2.2630 with stop loss of 2.2600 and target price of 2.2760


FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 



