FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: GBP/AUD recovers slightly but bears are not done yet 
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
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Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
• GBP/AUD slipped to hit two month low on Friday after UK GDP data surprised to the downside, putting renewed pressure on the pound.
• UK GDP fell for the second month in May, raising fresh challenges for Rachel Reeves as global headwinds grow.
• The UK economy contracted by 0.1% in May, following April’s 0.3% drop, the ONS reported.
• The weak data has strengthened market conviction that the Bank of England will cut rates in August, with odds of a 25 bps cut now near-certain.
• Technical signals remain bearish, with RSI at 36 and the 5-, 9-, and 11-day moving averages all trending lower.
• Immediate resistance is located at 2.0655(38.2% fib), any close above will push the pair towards 2.0810 (20 SMA).
• Strong support is seen at 2.0478(March 27th low) and break below could take the pair towards 2.0299(23.6% fib).
Recommendation: Good to sell around 2.0530, with stop loss of 2.0650 and target price of 2.0400
