• GBP/ AUD rose on Friday as the pair boosted by forecast-crushing U.S.jobs data.
• Nonfarm payrolls increased by 353,000 jobs in January, the Labor Department's Bureau of Labor Statistics said, almost double the 180,000 forecast by economists polled.
• The robust job figures seemed to validate the Federal Reserve's caution in declaring victory over inflation and Chair Jerome Powell's stance against market anticipations of a rate cut in March.
• Technical signals are strongly bullish as RSI is bullish at 65, 5, 9,11 DMAs are trending up.
• Immediate resistance is located at 1.9419(23.6%fib), any close above will push the pair towards 1.9480 (Higher BB).
• Immediate support is seen at 1.9265(38.2%fib) and break below could take the pair towards 1.9188 (30th Jan low).
Recommendation: Good buy around 1.9370, with stop loss of 1.9300 and target price of 1.9470
