• GBP/AUD declined on Friday as cautiously dovish outlook from the Bank of England and downbeat retail sales data weighed on pound.
• Retail sales volumes unexpectedly fell by 0.3% in February from January. Economists polled had on average forecast of 0.6% monthly rise.
• The is pair heading towards the lower BB, as near term direction of the pair is likely to be driven by current price action.
• Technical are bearish, daily RSI is negative at 25, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.7611 (23.6%fib ), any close above will push the pair towards 1.7764 (38.2%fib).
• Strong support is seen at 1.7521 (Daily low ), and break below could take the pair towards 1.7424(Lower BB).
Recommendation: Good to sell on around 1.7540, with stop loss of 1.7660 and target price of 1.7490


FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro :USD/JPY eases slightly, remains on bullish path
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 



