• GBP/ AUD initially dipped on Friday but pared some losses as the pair was aided by hot UK retail sales data.
• British retail sales rose by 2.9% in May, rebounding sharply from a revised 1.8% decline in April. Economists' poll had forecast sales volumes would increase by 1.5%.
• GBP/ AUD bulls will find it difficult to pull the pair higher as increasing in focus on July 4th UK election and dovish BoE rate expectations will continue to weigh on GBP/ AUD .
• From a technical viewpoint, RSI is strongly bearish at 40, daily momentum studies, 11, 14 and 21 daily MAs are pointing lower .
• Immediate resistance is located at 1.8964 (38.2% fib), any close above will push the pair towards 1.9123 (50% fib).
• Immediate support is seen at 1.8967 (23.6% fib) and break below could take the pair towards 1.8908 (May 16th low).
Recommendation: Good to sell around 1.9050, with stop loss of 1.9110 and target price of 1.8950


FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CAD edges lower but bullish outlook persists
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Major Crypto levels and bias summary
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/NZD gains some ground but outlook is bearish
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 



