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• GBP /AUD eased on Friday after data showed UK retail sales fell more than expected in June.
• British retail sales volumes fell by more than expected in June, after unseasonably cooler weather put off shoppers, official figures showed on Friday.
•Sales volumes dropped by 1.2% last month after a 2.9% jump in May, the Office for National Statistics said.
• GBP /AUD bulls are reluctant to probe for new highs as the data added no new hawkish BoE rate expectations.
• Immediate resistance is located at 1.9361(23.6% fib), any close above will push the pair towards 1.9423 (April 17th high).
• Immediate support is seen at 1.9281(38.2% fib) and break below could take the pair towards 1.9212 (50% fib).
Recommendation: Good to sell around 1.9320, with stop loss of 1.9400 and target price of 1.9250.
