• GBP/AUD dipped on Monday as risk-sensitive Australian benefited from China policy news.
• China's Politburo announced it will implement an appropriately loosemonetary policy next year, marking its first easing in 14 years, along with a more proactive fiscal policy to boost economic growth.
• The remarks were made ahead of the upcoming Central Economic Work Conference, where key targets and policy plans for the next year will be set.
• Technical are bullish, daily RSI is positive at 53, 11 and 14 SMAs are trending up.
• Immediate resistance is located at 1.9946(23.6%fib ), any close above will push the pair towards 2.0000 (Psychological level).
• Strong support is seen at 1.9786(38.2%fib) and break below could take the pair towards 1.9670(50%fib).
Recommendation: Good to buy around 1.9750 , with stop loss of 1.9650and target price of 1.9860


FxWirePro- Major Pair levels and bias summary
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
FxWirePro: NZD/USD rallies as NZ inflation hits 2-1/2-year high
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch
JPY Action Bias: Bullish Winds Strengthen – NZDJPY Leads the Charge as Top Pair to Watch
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
FxWirePro: AUD/USD bulls struggles as upside momentum fades
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: AUD/USD better risk puts bulls back in charge
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar
FxWirePro- Woodies pivot (Major) 



