• GBP/AUD recovery is encountering significant resistance and is likely to falter as investors were cautious ahead of British parliamentary elections.
• Britain heads to the polls on Thursday. The opposition Labour party is widely expected to win, ending 14 years of Conservative government.
• GBP/ AUD remains well below 38.2%fib,Daily close below 23.6%fib increase the scope for much bigger drop.
• Technical signals show bearish as RSI is at 43,while moving averages and MACD are trending down.
• Immediate resistance is located at 1.9061 ( 38.2%fib), any close above will push the pair towards 1.9125 (50%fib).
• Immediate support is seen at 1.8974 (23.6%fib) and break below could take the pair towards 1.8916 (Lower BB).
Recommendation: Good to sell around 1.9030, with stop loss of 1.9100 and target price of 1.8950


FxWirePro- Major Crypto levels and bias summary
Crypto Bias Report: Trend Signals and Top Bullish Picks
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro:USD/JPY hovers near a four-decade low 



