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FxWirePro: GBP/AUD tight ranges prevail as market waits for fresh catalyst

• GBP/AUD traded in tight range on Wednesday   as market awaits for fresh catalyst for further direction.

• Investors are awaiting U.S. weekly and continuing claims as well as the November payroll reports.

•The pair remains weak and might fall towards  1.9050. The pair has seen a 1.9118 -1.9225 range  on Wednesday.

• Immediate resistance is located at 1.9219  (38.22%fib), any close above will push the pair towards 1.9320 (15th Nov high).

• Strong support is seen at 1.9134 (5 DMA) and break below could take the pair towards 1.9033(23.6%fib).

 Recommendation: Good to sell around 1.9190, with stop loss of 1.9280 and target price of 1.9100.
 

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