FxWirePro: GBP/AUD momentum strongly bearish despite pause in losses

• GBP/ AUD recovered as  markets digested soft UK GDP and took stock of Britain's simmering political crisis.

• British economic growth data released on Thursday showed a marked seasonal pattern for the fourth year in a row, adding to economists' concerns about numbers from the Office for National Statistics.

•Last year the ONS was criticised for its data quality in official reports, but these looked mostly at labour force figures which suffered from a fall in response rates, rather than gross domestic product.

• Thursday's official figures showed that economic growth in 2025 was its fastest in the first quarter, second-fastest in the second quarter and third or fourth-fastest in the third and fourth quarters - as it has been each year since 2022.

 •Technical are signals show the pair could lose more ground in the short-term as RSI has turned lower.

• Immediate resistance is located at 1.9428 (38.2%fib), any close above will push the pair towards 1.9596(38.2%fib%fib ).

• Immediate support is seen at 1.9071(23.6%fib) and break below could take the pair towards 1.8966(Lower BB).

Recommendation: Good to sell  around 1.9240, with stop loss of 1.9300 and target price of 1.9180