FxWirePro : GBP/AUD runs out of steam but maintains bullish outlook

• GBP /AUD   eased   on Wednesday as investors monitored U.S. trade negotiations and looked ahead to Friday's critical employment report.

• U.S. President Trump is expected to speak with Chinese President Xi Jinping this week, following mutual accusations of breaching last month’s tariff rollback agreement.

• Investors await Friday’s key U.S. payrolls report for fresh insights into labor market conditions and economic momentum.

•Britain’s services sector saw modest growth in May, rebounding after April’s contraction—the first in 18 months—triggered by concerns over U.S. President Trump’s tariff policies, a survey revealed Wednesday.

•The S&P Global Services PMI for Britain rose to 50.9 in May from 49.0 in April, beating the flash estimate of 50.2 and signaling a return to modest growth.

• Immediate resistance is located at 2.1054(Higher BB), any close above will push the pair towards 2.1153 (38.2% fib).

• Strong support is seen at 2.0832  (50% fib) and break below could take the pair towards 2.0688 (May 20th low)

Recommendation: Good to buy around 2.0870 , with stop loss of 2.0800 and target price of 2.0950