AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness 
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FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside 
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish 
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FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech 
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum 
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FxWirePro- Woodies Pivot (Major) 
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• GBP/AUD trades in narrow range on Monday as investors were cautious ahead of Britain's budget announcement this week.
• On Wednesday, Finance Minister Rachel Reeves will present her long-awaited budget, seeking to bolster investor confidence in the government’s fiscal prudence while maintaining its commitment to avoid raising taxes on working households.
• Rachel Reeves, the finance minister, is expected to introduce tax increases worth tens of billions of pounds for the second time since the 2024 election, aiming to keep borrowing on track, avert a bond market backlash, and boost welfare expenditure..
• To avoid breaching her election promise on income tax, she is expected to introduce rises in a variety of alternative taxes.
• Immediate resistance is located at 2.0392(Higher BB), any close above will push the pair towards 2.0529(50%fib).
• Immediate support is seen at 2.0172(38.2%fib) and break below could take the pair towards 2.0072(61.8%fib).
Recommendation: Good to buy 2.0220 with stop loss of 2.0160 and target price of 2.0380
