• GBP/AUD recovered some ground on Wednesday as the pair was swept up after RBA confirmed plans to tapering, but extended timeline.
• The rallied above 1.8600 level, lift stops after finding resistance at 1.8666 (38.2%fib).
• GBP/AUD bears are likely to take charge and drive the pair towards 1.8600 and possibly key support near 1.8522(23.6%fib).
• Technical are bearish, daily RSI is negative at 42, daily momentum studies 11and 14 DMAs are trending down.
• Immediate resistance is located at 1.8671(38.2%fib ), any close above will push the pair towards 1.8783 (50%fib).
• Strong support is seen at 1.8629(5DMA) and break below could take the pair towards 1.8522(23.6%fib).
Recommendation: Good to sell around 1.8700, with stop loss of 1.8780 and target price of 1.8600


FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major US Indices
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists 



