• GBP/AUD recovery is encountering significant resistance and is likely to falter as investors were cautious ahead of British parliamentary elections.
• Britain heads to the polls on Thursday. The opposition Labour party is widely expected to win, ending 14 years of Conservative government.
• GBP/ AUD remains well below 38.2%fib,Daily close below 23.6%fib increase the scope for much bigger drop.
• Technical signals show bearish as RSI is at 43,while moving averages and MACD are trending down.
• Immediate resistance is located at 1.9061 ( 38.2%fib), any close above will push the pair towards 1.9125 (50%fib).
• Immediate support is seen at 1.8974 (23.6%fib) and break below could take the pair towards 1.8916 (Lower BB).
Recommendation: Good to sell around 1.9030, with stop loss of 1.9100 and target price of 1.8950


Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro:NZD/USD continues to recovers , upside pressure builds
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro -Major European Indices
Aussie Consolidates After Peak: AUDJPY Bulls Eye a Strategic Entry for the 115.00 Target
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY steadies around 158.75, bias bullish
FxWirePro: EUR/NZD remains under pressure as key support gives way
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: GBP/AUD takes back some lost ground
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally 



