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FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage 
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key 
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns 
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FxWirePro: GBP/NZD recovers some ground but bearish outlook persists 
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85 
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FxWirePro- Major Pair levels and bias summary 
• GBP/AUD recovered some ground on Tuesday after in line with expectations Purchasing Managers' index (PMI) data from UK supported pound.
• The PMI composite flash estimate dropped to 50.9 in August from 52.1 in July. Economists polled had forecast the index would fall to 51.1.
• GBP/AUD technical outlook is bearish in short-term as RSI is lower at 40, moving averages are 5,11 and 14 DMA’s atre trending lower.
• Immediate resistance is located at 1.7131(5DMA ), any close above will push the pair towards 1.7249(38.2% fib).
• Strong support is seen at 1.7045(23.6% fib) and break below could take the pair towards 1.6996 (Lower BB).
Recommendation: Good to sell around 1.7100, with stop loss of 1.7200 and target price of 1.7000.
