• GBP/AUD erased earlier gains on Thursday as UK GDP data confirmed UK economy went into recession last year.
• Gross domestic product shrank by 0.1% in the third quarter and by 0.3% in the fourth, unchanged from preliminary estimates, the Office for National Statistics (ONS) said on Thursday.
• The GDP's sluggish outset this year suggests that the overall economic growth for 2024 is poised to be modest, likely falling below the 1% mark for the calendar year.
• GBP/AUD fell to 1.9364, keeping near recent trend lows and anchored in its recent 1.9458-1.9290 range .
• Technical signals are bullish as RSI is at 51 bullish, daily 5, 10 & 11 MAs trending up .
• Immediate resistance is located at 1.9413 ( March 8th high), any close above will push the pair towards 1.9458 (23.6%fib)
• Support is seen at 1.9290 (38.2%fib) and break below could take the pair towards 1.9217(Lower BB)
Recommendation: Good to buy around 1.9340, with stop loss of 1.9240 and target price of 1.9430


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major European Indices
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 



