• GBP/AUD declined on Wednesday the hawkish RBA’s policy outlook boosted Australian dollar against pound.
• RBA on Tuesday ruled out any possibility of an interest rate cut this year, citing that core inflation is projected to decrease gradually. This decision comes after the bank maintained steady interest rates for the sixth consecutive meeting.
• The is pair heading towards the lower 50% fib, as near term direction of the pair is likely to be driven by current price action.
• Technical are bearish, daily RSI is negative at 50, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9480 (38.2% fib), any close above will push the pair towards 1.9653 (23.6% fib).
• Strong support is seen at 1.9337 (50% fib) and break below could take the pair towards 1.9125(61.8% fib).
Recommendation: Good to sell on around 1.8430, with stop loss of 1.8550 and target price of 1.9340


Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Pair levels and bias summary
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD recovers some ground but bears are not done yet
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/CAD bulls continue to hold the higher ground 



