• GBP/AUD declined on Friday as sterling was weighed down by stronger Australian dollar and slightly weaker UK GDP data.
•Britain’s economy shrank in January when the country went back into a coronavirus lockdown.
•GBP/AUD weakness drives the cross pair near 1.7889 (38.2%fib ). A break under 1.7889 would unmask 1.7800 level in the short term.
• Technical signals show bearish momentum , the 5 DMA and 9 DMAs trend south, while RSI is heading south at 48.
• Immediate resistance is located at 1.7964 (9DMA ), any close above will push the pair towards 1.8096 (50%fib).
• Immediate support is seen at 1.7889 (38.2%fib ) and break below could take the pair towards 1.7711 (Lower BB ).
Recommendation: Good to sell around 1.7920 with stop loss of 1.8000 and target price of 1.7840.


Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro- Woodies pivot (Major)
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI 



