• GBP/AUD initially gained on Tuesday but longs ceded some ground after UK labour data.
• UK unemployment rate rose by more than expected to 4.2% from 3.9%, also suggesting a loss of momentum in the jobs market.
• Underlying trend for the pair remains bullish. A break above 23.6%fib resistance might spur increased upside momentum.
• Technical signals show bullish momentum , the 9 SMA and 11 SMAs trend north, while RSI is heading up at 58.
• Immediate resistance is located at 1.9472 (23.6%fib), any close above will push the pair towards 1.9525 (March 6th high).
•,Strong support is seen at 1.9326 (38.2%fib) and break below could take the pair towards 1.9262 (SMA 9).
Recommendation: Good to buy around 1.9380, with stop loss of 1.9280 and target price of 1.9480


Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major European Indices
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



