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FxWirePro: USD/JPY edges higher but bulls lack punch 
• GBP /AUD initially gained on Thursday but gave up most of the ground as investors dumped sterling ahead Of UK retail sales data on Friday.
• The pair hit daily high at 1.7490 and was last trading at 1.7424 in late US session .
• Friday's UK retail sales is in focus for clues on BoE rate policy path.Dour UK data may step-up Fed-BoE rate divergence sending GBP lower against Aussie dollar.
• Technical signals are bearish as RSI is at 46, daily momentum studies 9, 11 and 21 DMAs are trending down.
• Immediate resistance is located at 1.7476(38.2% fib), any close above will push the pair towards 1.7498(30DMA).
• Immediate support is seen at 1.7379 (38.2% fib) and break below could take the pair towards 1.7269 (23.6%fib).
Recommendation: Good to sell around 1.7440, with stop loss of 1.7560 and target price of 1.7360.
