• GBP/AUD initially dipped sharply on Thursday on dovish BoE but broad Australian dollar weakness helped the recover most of the ground.
• Bank of England raised interest rates to their highest since 2009 but warned that the economy was at risk of recession.
• The pair hit daily low at 1.7167, but recovered back , it was last down 0.02% at 1.7362.
• Technical signals are bearish as RSI is at 65, daily momentum studies 5,9,21 DMA are trending north.
• Immediate resistance is located at 1.7503 (50%fib ), any close above will push the pair towards 1.7574 (21DMA).
• Strong support is seen at 1.7354 (38.2%fib) and break below could take the pair towards 1.7183 (23.6%fib).
Recommendation: Good to sell around 1.7370 with stop loss of 1.7500 and target price of 1.7260.


FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Major Crypto levels and bias summary
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro- Major Crypto levels and bias summary
GBPJPY Slips After Sterling Weakness, Bears Eye 216
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro- Major Pair levels and bias summary 



