• GBP/AUD gained on Friday as GBP benefited from strongly weaker commodity linked Australian dollar.
• Key commodities are under pressure -with Dalian iron ore and oil price easing.
• Technical are favouring bullish sentiment as RSI is at 56 and the pair is trading above 11 & 21-DMAs.
• Immediate resistance is located at 1.8790 (23.6%fib ), any close above will push the pair towards 1.8929 (may 4th High).
• Strong support is seen at 1.8651 (5DMA) and break below could take the pair towards 1.8495 (38.2%fib).
Recommendation: Good to buy around 1.8700, with stop loss of 1.8600 and target price of 1.8780


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
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/NZD attracts buying interest, 38.2% fib eyed 



