• GBP/AUD declined on Friday as persistently hot U.S. inflation data exacerbated investors' fears of aggressive rate hikes.
• Next week, the Bank of England is likely to raise rates for the fifth time since December as near-10% inflation, the worst cost-of-living squeeze in decades.
• The is pair heading towards the (23.6%fib, as the UK news turns more negative. Only a break and daily close above 38.2% fib resistence will shift bias to the upside.
•Technical signals are bearish as RSI is at 46, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.7510 (14 DMA ), any close above will push the pair towards 1.7642 (38.2% fib).
•Immediate support is seen at 1.7436 (23.6%fib ) and break below could take the pair towards 1.7286 (Lower BB).
Recommendation: Good to sell on rallies around 1.7470, with stop loss of 1.7600 and target price of 1.7390.


NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro- Major Pair levels and bias summary
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro:USD/JPY hovers near a four-decade low
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: GBP/AUD under pressure as pound continues to weaken
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 



