• GBP/AUD declined on Wednesday as markets turn towards highly anticipated interest rate cut by the European Central Bank in this week.
• Investors expect the European Central Bank on Thursday to cut the benchmark rate by 25 basis points to 3.75%.
• The pair is currently approaching resistance at 38.2%fib. A break and daily close below will accelerate further drop towards 1.9000 level.
• Technical are bearish, daily RSI is negative at 49, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9183 (50% fib), any close above will push the pair towards 1.9253 (61.8% fib).
• Strong support is seen at 1.9110 (38.2%fib) and break below could take the pair towards 1.9010 (23.6%fib).
Recommendation: Good to sell on around 1.9120, with stop loss of 1.9200 and target price of 1.9060


FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: USD/ZAR sell bias remains below key resistance zone
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro- Major Crypto levels and bias summary 



