• GBP/AUD declined sharply on Friday after data showed the U.K. economy contracted in the second quarter.
• Data from the Office for National Statistics showed that GDP fell 0.1 percent sequentially in the second quarter, after a revised 0.8 percent growth in the previous quarter.
• Technical signals are bearish as RSI is at 29, daily momentum studies 5, 9 and 10 DMAs are trending down.
Immediate resistance is located at 1.7078 (38.2% fib), any close above will push the pair towards 1.7187 (50% fib).
• Immediate support is seen at 1.7024(Daily low ) and break below could take the pair towards 1.6953 (23.6% fib).
Recommendation: Good to sell on rallies around 1.7060, with stop loss of 1.7150 and target price of 1.6900.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Major Crypto levels and bias summary
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80 



