• GBP/ AUD slipped lower on Thursday after data showed a decline in British businesses' wage growth expectations for the coming hear.
• A Bank of England survey showed British businesses' wage growth expectations for the next year fell to 4.1% in May from 4.6% in April, with the three-month average dropping to 4.5% from 4.8%.
• GBP/ AUD fell to a daily low at 1.9163 before recovering slightly towards 1.9182 level
• Immediate resistance is located at 1.9182(38.2%fib), any close above will push the pair towards 1.9268 (50%fib).
• Immediate support is seen at 1.9092 (23.6%fib) and break below could take the pair towards 1.9000(Psychological level).
Recommendation: Good to sell around 1.9200, with stop loss of 1.9350 and target price of 1.9100
