• GBP/AUD gained on Thursday as pound was supported by rapid vaccine distribution and growing evidence that the easing of pandemic restrictions is supporting UK growth.
• GBP/AUD rose 0.47%, finding buyers above the 100DMA and failed key support break at 23.6%fib. GBP/AUD bulls now target the 50 % fib at 1.9398.
• At GMT 17:58, the pair was trading up 0.44 percent at 1.7956 after reaching daily low at 1.9165.
• Technicals highlight upside risks-rising daily RSIs imply upside momentum, the 5-day moving is rising and the 100-DMA helped limit GBP/AUD downside.
• Immediate resistance is located at 1.7996(38.2%fib ), any close above will push the pair towards 1.8050 (April 19th high).
• Strong support is seen at 1.7932(50%fib ) and break below could take the pair towards 1.7866(61.8%fib)
Recommendation: Good to buy on dips around 1.7920, with stop loss of 1.7800 and target price of 1.8000


FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro- Major Pair levels and bias summary
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro: USD/JPY extends fall as yen rises on intervention fears 



