• GBP/AUD dipped on Friday as traders evaluated the Bank of England's next move.
• Softer wage growth figures and a surprise uptick in inflation have clouded the rate path, prompting markets to price in a higher likelihood of an interest rate cut at the BoE’s upcoming meeting.
• Focus remains on the Bank of England’s policy path, with markets now pricing in an 80% chance of a 25 basis point rate cut in August. However, expectations for further easing in September are currently low.
• Fiscal concerns in the UK persist, with investors remaining cautious amid potential budgetary pressures and expectations of slower economic growth in H2 2025.
• Immediate resistance is located at 2.0754(July 17th high), any close above will push the pair towards 2.0815 (38.2% fib).
• Strong support is seen at 2.0492(50% fib) and break below could take the pair towards 2.0358(Lower BB).
Recommendation: Good to buy around 2.0580, with stop loss of 2.0500 and target price of 2.0660


FxWirePro: USD/CNY hovers near 3 -1/2 year low , outlook bearish
NZDJPY Faces Selling Pressure: Will 95.20 Resistance Hold?
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: AUD/USD holds steady ahead of key Australian and U.S. data
FxWirePro: GBP/AUD stuck in range but maintains bearish bias
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY hovers near 160, outlook bullish
Gold Tumbles Below $4400 Amidst Hawkish Fed Signals: Sell Rallies for Targets Near $4200
FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish
Major Pair Currency Scores: USDCHF Leads as Bullish Contender and major levels to watch
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
EURUSD Dips Below 1.1600 Amidst Dollar Strength: Bearish Bias Favors Selling Rallies
AUDJPY Pares Gains: Bullish Trend Intact Above 114 Despite Profit-Taking 



