• GBP/AUD declined on Friday as concerns about the UK’s deteriorating economic outlook continued to weigh on pair.
• Sterling has suffered sharp losses in the recent days on concerns that a halt in Russian gas supplies to Europe will exacerbate inflationary pressure already running in double digits.
•The pair reaches 1.6887 after extending south from 1.6928 (Daily high). 1.6887 is the lowest level since 30th Aug.
• Technical signals show the pair could lose more ground in the short-term as RSI is turning sharply lower, daily momentum studies 9, 11 and 21 DMAs are trending down.
• Immediate resistance is located at 1.6988(9DMA),any close above will push the pair towards 1.7091(38.2% fib).
• Immediate support is seen at 1.6886 (23.6% fib) and break below could take the pair towards 1.6840(Higher BB ).
Recommendation: Good to sell below 1.6900, with stop loss of 1.6990 and target price of 1.6820


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro:USD/JPY hovers near a four-decade low
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: USD/CNY edges higher but bulls lack punch
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: USD/CAD edges lower but bullish outlook persists
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: GBP/NZD gains some ground but outlook is bearish 



