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• GBP/AUD initially dipped on Thursday but recovered most of the ground as optimism about economic recovery in UK supported upbeat sentiment for sterling.
• At GMT 20:32, the pair was trading up 0.01 percent at 1.8254 after reaching daily low at 1.8191.
• GBP/AUD remains bullish, only a close back below 1.8151 (9 DMA), could upset the bullish order.
• Immediate resistance is located at 1.8307(23.6%fib ), any close above will push the pair towards 1.8349 (Higher BB).
• Strong support is seen at 1.9313(38.2% fib) and break below could take the pair towards 1.9259 (21DMA).
Recommendation: Good to buy around 1.8250, with stop loss of 1.8150 and target price of 1.8320
