• GBP/AUD initially dipped but gained some ground as investors awaited Tuesday’s PMI data and Wednesday's UK price data.
• In an up-and-down session, the pair hit low at 1.8689 in early trading then gained towards 1.8702.
• Technicals are favouring bearish sentiment as RSI is at 49 and the pair is trading below 5,10 & 11-DMAs..
• Immediate resistance is located at 1.8714 (5DMA), any close above will push the pair towards 1.8781 (38.2%fib)
• Immediate support is seen at 1.8643 (May 19th low ) and break below could take the pair towards 1.8584 (50%fib).
Recommendation: Good to sell around 1.9730, with stop loss of 1.9830 and target price of 1.9650.


Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/AUD bears maintain upper hand
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 



