• GBP/AUD initially gained on Thursday but later gave up some ground as expectations of a BoE rate cut weighed down sterling.
• Traders on Thursday increased their bets on BoE rate cuts ahead of next week's decision.
• The pair hit daily low at 1.9759, but retrated back , it was last up 0.28% at 1.9667.
• Technical signals are bullish as RSI is at 79, daily momentum studies 5,9,21 DMA are trending north.
• Immediate resistance is located at 1.9759(23.6%fib), any close above will push the pair towards 1.9800 (Psychological level).
• Strong support is seen at 1.9608 (38.2%fib) and break below could take the pair towards 1.9492 (50%fib).
Recommendation: Good to buy around 1.9660 with stop loss of 1.9550 and target price of 1.9750.


JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro- Woodies pivot (Major)
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish 



