• GBP/AUD gained on Thursday as risk aversion and escalating trade battle between China and the United States Asia weighed on Australian dollar.
• At GMT 17.49, the pair was trading up 0.71 percent at 1.9220 after reaching daily low at 1.9015.
• GBP/AUD probing the 23.6%fib resistance zone,consolidation likely to continue while market seeks fresh factors.
• Technical signals are bullish as RSI is at 67, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.9220 (23.6%fib ), any close above will push the pair towards 1.9276 (Higher BB).
• Strong support is seen at 1.9072 (5 DMA) and break below could take the pair towards 1.9015 (38.2% fib).
Recommendation: Good to buy on dips around 1.9200, with stop loss of 1.9110and target price of 1.9280.


FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Woodies Pivot(Major)
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major European Indices
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary 



