• GBP/AUD declined on Thursday after Bank of England (BoE) hiked by 50 basis point and adopted a more dovish tone on inflation.
• The central bank raised interest rates for the 10th consecutive time by a widely expected 50 basis points, but dropped its pledge to keep increasing them "forcefully" if needed.
• The pair dropped to test 23.6% fib. A break under would unmask 1.7150 level in the short term.
• Technical signals show bearish momentum , the 5 DMA and 9 DMAs trend south, while RSI is heading south at 32.
•Immediate resistance is located at 1.7359(5DMA ) , any close above will push the pair towards 1.7410 (38.2% fib).
• Immediate support is seen at 1.7231(23.6% fib ) and break below could take the pair towards 1.7188 (Lower BB ).
Recommendation: Good to around 1.7270, with stop loss of 1.7390 and target price of 1.7200.


NZDJPY Turns Bullish After RBNZ Pause – Buy Dips Toward 95?
FxWirePro: NZD/USD rallies after RBNZ raises rates by 25bps as expected
FxWirePro : GBP/NZD advances as kiwi slips ahead of RBNZ policy decision
FxWirePro- Major Pair levels and bias summary
AUDJPY Stuck in Tight Range – Time to Sell Rallies Toward 110?
EURUSD Weakens as US-Iran Ceasefire Collapses – Sell Rallies?
FxWirePro: GBP/NZD eases slightly but outlook is bullish
FxWirePro: USD/CAD dips contained, bias still leans higher
FxWirePro: GBP/AUD edges up, remains on front foot
FxWirePro: USD/ZAR edges higher as South African rand softens after foreign reserves fall
FxWirePro: EUR/NZD dips as focus shifts to Mideast hostilities
USD/CHF Eases From Intraday High as Dollar Momentum Fades
FxWirePro: AUD/USD strengthens as Aussie gains on hawkish RBA remarks
FxWirePro: EUR/AUD trades flat but outlook is bullish
FxWirePro: USD/JPY eases as intervention risk and geopolitics engage in a fierce tug-of-war.
FxWirePro: GBP/AUD steadies around 1.9320,retains bid tone
FxWirePro: USD/CNY hits one week high, outlook bullish 



