• GBP/AUD initially dipped but recovered some ground as investors digested Bank of England rate decision.
• The BoE opted to leave interest rates steady, the 5-4 vote split caught traders off guard, revealing a narrow margin of support for the hold and a significant faction already leaning toward cuts.
• Following the decision, several BoE members noted that while inflation remains a concern, the restrictive nature of current rates is weighing more heavily on economic momentum. This shift has led markets to pull forward rate cut expectations.
• Investors are now eyeing March for the bank's next move, with the odds of a 25bp cut next month hovering near 50%.
• Technical signals are bearish as RSI is at 28, momentum studies 11,14 and 21 DMAs are trending down.
• Immediate resistance is located at 1.9591 (Daily high), any close above will push the pair towards 1.9801(38.2%fib).
• Immediate support is seen at 1.9427(23.6%fib) and break below could take the pair towards 1.9293(Lower BB).
Recommendation: Good to sell around 1.9540 with stop loss of 1.9600 and target price of 1.9450


FxWirePro: USD/JPY edges up, remains on front foot
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
Sterling Surge: GBPJPY Eyes 214.00 as Yen Weakness Fuels Five-Day Rally
FxWirePro: GBP/AUD under pressure , knocking on door of key support
FxWirePro: GBP/NZD topside capped, sellers still hold the advantage
Bitcoin Teeters Near USD 70,000 as USD 245 Million Liquidation Wave Rocks Crypto Markets
Pound Under Pressure: GBPJPY Pauses Five-Day Rally for Tactical Profit Booking
FxWirePro- Major European Indices
FxWirePro: USD/ZAR rebounds strongly, upside pressure builds
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
Aussie Ascent: AUDJPY Bulls Target 115.00 Following Broad-Based AUD Buying
FxWirePro: EUR/ NZD stays range-bound but maintains bearish bias
FxWirePro: GBP/USD drops towards 1.3350 level, heads deeper into bear territory 



