• GBP/AUD went on the back foot on Friday as the bears dashed the hopes of the bulls amid UK rate cut uncertainty.
• BoE policymakers anticipate a significant drop in inflation over the coming months but are holding off on specifying a clear timeline for potential interest rate reductions.
• GBP/AUD neared 38.2 % fib supportin late in US session,Daily close below 38.2%fib increase the scope for much bigger drop.
• Technical are bearish, daily RSI is negative at 41, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9242 (23.6% fib), any close above will push the pair towards 1.9301 (23.6% fib).
• Strong support is seen at 1.9089 (38.2 % fib) and break below could take the pair towards 1.9035 (Lower BB).
Recommendation: Good to sell on around 1.9140, with stop loss of 1.9250and target price of 1.9070


FxWirePro- Major European Indices
FxWirePro- Major European Indices
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/USD dips lower on negative UK retail sales data
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists 



