• GBP/AUD rose on Wednesday as pound was supported by increased risk appetite across the board.
• The OECD upgraded its outlook for the UK economy, noting it is likely to outperform earlier expectations, while signalling that the BoE could proceed more cautiously with further rate cuts..
• The swaps market had priced in a 90% chance of the BoE cutting rates 25 bps at the December 18 meeting.
• On the data front,The S&P Global UK Services PMI eased to 51.3 in November from October’s 52.3, but came in stronger than the earlier flash estimate of 50.5.
• Immediate resistance is located at 2.0352(50%fib), any close above will push the pair towards 2.0402(Higher BB).
• Immediate support is seen at 2.0177(38.2%fib) and break below could take the pair towards 2.0042(Lower BB).
Recommendation: Good to sell around 2.0230 with stop loss of 2.0270 and target price of 2.0060


FxWirePro: GBP/NZD topside capped, sellers still hold the advantage
FxWirePro: AUD/USD drifts lower as recovery rally loses momentum
FxWirePro: GBP/AUD recovers slightly but bias is still bearish
FxWirePro: EUR/AUD drifts lower, could be on verge of bigger drop
FxWirePro:USD/CNY remains weak, eyes 6.850 level
FxWirePro: GBP/NZD dips below 2.2700 bears keep the advantage
FxWirePro: GBP/USD recovers slightly but bias is still bearish
FxWirePro: USD/JPY remains buoyant, looks to extend gains
Pound Powerhouse: GBPJPY Smashes 211.50 as Yen Weakness Intensifies
Bitcoin Buffeted by Oil Surge: BTCUSD Eyes USD 80,000 Recovery Amid Volatility
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/ NZD stuck in range but maintains bearish bias
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD attracts selling interest, could be on verge of a bigger drop
FxWirePro:NZD/USD under pressure as Middle East war escalates
FxWirePro- Major European Indices 



