• GBP /AUD strengthened on Friday as increased risk appetite market benefited pound.
• Optimism over a downshift in aggressive monetary policy by the Fed and that China will gradually reopen its economy have bode well for riskier assets.
• The pairs rise above the 1.7917 (5DMA) has reinforced the growing bullish strength, putting focus on resistance at 1.8150 level.
• Technical signals are bullish as RSI is at 62, momentum studies, 5, 10 & 21 DMAs are trending up.
• Immediate resistance is located at 1.8134 (23.6% fib), any close above will push the pair towards 1.8204 (Higher BB).
• Immediate support is seen at 1.7917(5DMA) and break below could take the pair towards 1.7841 (38.2%fib).
Recommendation: Good to buy on dips around 1.8050, with stop loss of 1.7900 and target price of 1. 1.8150.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: GBP/NZD remains bullish as rally continues
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path 



