• GBP/AUD declined sharply on Thursday as investors looked ahead to parliamentary polls in the country were underway with the Labour Party looking set to win.
• Opinion polls showed the Labour Party winning, replacing the Conservatives after 14 years. Investors believe the market has already priced in the change.
• The pound's recovery has been effected by the Bank of England's cautious attitude to rate cuts relative to European peers.
• Technicals are favouring bearish sentiment as RSI is at 40 and the pair is trading below 5,10 & 11-DMAs.
• Immediate resistance is located at 1.9028 (38.2% fib), any close above will push the pair towards 1.9078 (50%fib)
• Strong support is seen at 1.8952 (23.6% fib)and break below could take the pair towards 1.8919(Lower BB).
Recommendation: Good to sell around 1.8980, with stop loss of 1.9000 and target price of 1.8900


FxWirePro -Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite 



