• GBP/AUD extended its yesterday’s bounce as UK strong jobs data boosted sterling across the board .
• Data published on Tuesday showed Britain's unemployment rate dropped below its pre-pandemic low in the three months to January while pay rose faster than expected.
• Technical signals are bullish as RSI is rising sharply from below, daily momentum studies 5,9 and 11 DMA’s are trending up.
• Immediate resistance is located at 1.8180 ( Daily high), any close above will push the pair towards 1.8223 ( 23.6%fib).
• Strong support is seen at 1.8121 (38.2%fib) and break below could take the pair towards 1.8035 (50%fib).
Recommendation: Good to buy around 1.8150, with stop loss of 1.8040 and target price of 1.8250
