• GBP/AUD initially slipped after BoE Governor Andrew Bailey comments but rebounded back above 1.8400 handle.
•Bank of England Governor Andrew Bailey stressed temporary factors of rising inflation and warned market participants not to overreact on monetary conditions prematurely.
• At GMT 17:16, the pair was trading down 0.01 percent at 1.8426 after reaching daily low at 1.8393.
• Bullish momentum is likely to pick up with a move above 38.2% fib, which would target resistance at the higher BB at 1.8502 and then 23.6% fib at 1.8539.
• Immediate resistance is located at 1.8446 (38.2%fib ), any close above will push the pair towards 1.8502 (Higher BB).
•Immediate support is seen at 1.8370 (50%fib ) and break below could take the pair towards 1.8299 (61.8% fib).
Recommendation: Good to buy around 1.8400, with stop loss of 1.8310 and target price of 1.8520.


FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro-Major European Indices
FxWirePro: USD/CAD slips as oil rally boosts loonie
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major US Indices 



