• GBP/AUD declined sharply on Wednesday as investors digested soft UK GDP and US CPI data.
• The Office for National Statistics reported that UK GDP remained unchanged in April compared to the previous month, marking a slowdown from the 0.4% growth observed in March.
• Data showed US Consumer price index was unchanged in May.CPI increased 3.3% on year-on-year basis, core CPI rose 0.2%; up 3.4% on year-on-year basis.
• Technicals are favouring bearish sentiment as RSI is at 49 and the pair is trading below 5,10 & 11-DMAs.
• Immediate resistance is located at 1.9213 (50% fib), any close above will push the pair towards 1.9290 (61.8%fib)
• Strong support is seen at 1.9136 (38.2% fib)and break below could take the pair towards 1.9045 (23.6% fib).
Recommendation: Good to sell around 1.9180, with stop loss of 1.9280 and target price of 1.9120


FxWirePro: USD/CAD retreats slightly but trend is still bullish
NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: GBP/NZD gains some upside momentum but still bearish
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 



