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FxWirePro- Woodies Pivot(Major)

NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support

FxWirePro- Major Pair levels and bias summary

FxWirePro: GBP/NZD ticks down after UK GDP data disappoints

FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains

FxWirePro- Major European Indices

Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900

FxWirePro: EUR/AUD trends higher, but faces potential pitfalls

FxWirePro: GBP/AUD gives up early gains after UK GDP shock

FxWirePro: GBP/NZD gains some upside momentum but still bearish

FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains

FxWirePro: USD/JPY caught in narrow range, bias bearish

UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?

FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption

FxWirePro: USD/CAD outlook weaker on renewed downside pressure

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FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook

Thursday, June 1, 2023 10:01 PM UTC

• GBP/AUD retreated on Thursday as improved risk appetite and higher oil prices supported Australian dollar.

• Pair traded in a quiet 1.9167/1.9030 range and was last trading at 1.9055 into the US afternoon.

• Technical signals are bullish as RSI is at 64, daily momentum studies 10,11 and 14 DMAs are trending down.

• Immediate resistance is located at 1.9169 ( 23.6%fib), any close above will push the pair towards 1.9212(Higher BB).

• Strong support is seen at 1.9032 (5DMA ) and break below could take the pair towards 1.8965 (38.2%fib).

Recommendation: Good to buy around 1.9030, with stop loss of 1.8900 and target price of 1.9100

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FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook

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