• GBP/AUD declined on Wednesday, as markets anticipated a rate cut at Thursday's Bank of England policy meeting.
• Traders and investors are anticipating a 25 basis point rate cut to 4.5% by the Bank of England on Thursday, as a result of slowing UK growth and a decline in persistent services inflation.
• Money market pricing showed traders expected around 84 bps of BoE easing this year. The Bank started lowering its main rate from 5.25% in August.
• Immediate resistance is located at 1.9938 (5SMA), any close above will push the pair towards 2.0038(38.2%fib).
• Immediate support is seen at 1.9874(50%fib) and break below could take the pair towards 1.9725 (61.8%fib).
Recommendation: Good to sell round 1.9900, with stop loss of 1.9980 and target price of 1.9820


FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
FxWirePro- Woodies pivot (Major)
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch 



