• GBP/AUD eased slightly on Wednesday as market digested mixed, but optimistic, UK GDP and output data .
• Gross domestic product (GDP) grew by 0.2% month-on-month - boosted by a rebound in retailing and house-building - after a fall of 0.1% in December, in line with economists' expectations in a Reuters poll.
•GDP shrank by 0.3% in the final quarter of 2023 and 0.1% in the quarter before - meeting the technical definition of recession widely used in Europe.
• Pair traded in 1.9330/1.9387 range and was last trading at 1.9329 in the US afternoon session.
• Technical signals are bullish as RSI is at 50, daily momentum studies 5,9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9440( 23.6%fib), any close above will push the pair towards 1.9511 (Higher BB )
• Strong support is seen at 1.9285(38.2%fib ) and break below could take the pair towards 1.9213 (Lower BB).
Recommendation: Good to buy around 1.9330, with stop loss of 1.9200 and target price of 1.9400


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/AUD moves lower on weak UK data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 



