• 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: USD/CAD bulls continue to hold the higher ground
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro- Major Pair levels and bias summary
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns 



