• GBP/AUD steadied around 1.7900 on Wednesday after preliminary British economic activity data beat expectations, though it still showed contraction was underway.
• The "flash" version of the HIS Markit/CIPS composite purchasing managers' index (PMI) for Britain edged up to 48.3.
• The is pair heading towards the 23.6%fib, as near term direction of the pair is likely to be driven by current price action.
• Technical signals are bullish as RSI is is 58 , daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.8028 (23.6%fib), any close above will push the pair towards 1.8148 (Higher BB).
• Strong support is seen at 1.7813(38.2%fib) and break below could take the pair towards 1.7738 (14 DMA).
Recommendation: Good to buy around 1.7880, with stop loss of 1.7760 and target price of 1.7970


FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
FxWirePro- Major Pair levels and bias summary
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit 



