• GBP/AUD declined on Wednesday as upbeat Australian GDP data boosted Australian dollar against pound.
• Data showed the Australian economy grew by 0.7% in the June quarter, beating forecasts of a 0.5% increase.
• The is pair heading towards the lower 50%fib, as near term direction of the pair is likely to be driven by current price action.
• Technical are bearish, daily RSI is negative at 40, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.8787(61.8%fib ), any close above will push the pair towards 1.8874 (21DMA).
• Strong support is seen at 1.8671 (50%fib ), and break below could take the pair towards 1.8559(38.2%fib).
Recommendation: Good to sell on around 1.8700, with stop loss of 1.8780 and target price of 1.8630


FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major US Indices
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Pair levels and bias summary 



