• GBP/AUD declined on Friday as concerns about the UK’s deteriorating economic outlook continued to weigh on pair.
• Sterling has suffered sharp losses in the recent days on concerns that a halt in Russian gas supplies to Europe will exacerbate inflationary pressure already running in double digits.
•The pair reaches 1.6887 after extending south from 1.6928 (Daily high). 1.6887 is the lowest level since 30th Aug.
• Technical signals show the pair could lose more ground in the short-term as RSI is turning sharply lower, daily momentum studies 9, 11 and 21 DMAs are trending down.
• Immediate resistance is located at 1.6988(9DMA),any close above will push the pair towards 1.7091(38.2% fib).
• Immediate support is seen at 1.6886 (23.6% fib) and break below could take the pair towards 1.6840(Higher BB ).
Recommendation: Good to sell below 1.6900, with stop loss of 1.6990 and target price of 1.6820


FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff 



