• GBP/AUD dipped on Wednesday as investors digested the latest British inflation data.
• U Annual consumer price inflation remained at 3.8% for the third month running, its joint highest since the start of 2024, the Office for National Statistics said on Wednesday.
• Investors are pricing in about a 75% chance that the Bank lowers interest rates by year-end, up from around a 46% chance before the data.
• GBP/AUD is likely to remain under pressure as traders assess the impact of below-forecast UK inflation data on interest rate expectation.
• Immediate resistance is located at 2.0734(Higher BB), any close above will push the pair towards 2.0824(50%fib).
• Immediate support is seen at 2.0556(38.2%fib) and break below could take the pair towards 2.0489(SMA 20).
Recommendation: Good to sell around 2.0600 with stop loss of 2.0700 and target price of 2.0500


FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro: AUD/USD downside pressure builds, key support level in focus
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: USD/JPY edges up, looks to extend gains
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro- Major European Indices
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar 



