• GBP/AUD declined on Friday as UK's brewing economic storm continued to weigh on the pound.
• A surprise uptick in July UK retail sales failed to lift sterling, as soaring British inflation and recession risks continue to dominate traders’ minds.
• The pair picked up downside momentum and is approaching 23.6%fib support. A close below will opens up 1.7100 level in the short term.
• Technical are bearish, daily RSI is negative at 44, daily momentum studies 11and 14 DMAs are trending down.
• Immediate resistance is located at 1.7294 (14DMA ), any close above will push the pair towards 1.7362 (38.2%fib).
• Strong support is seen at 1.7149 (23.6%fib) and break below could take the pair towards 1.7058 (Lower BB).
Recommendation: Good to sell around 1.7200, with stop loss of 1.7300 and target price of 1.7100


FxWirePro: USD/CAD recovers slightly but trend is still bearish
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro- Woodies Pivot(Major)
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 



