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FxWirePro:GBP/AUD loses momentum but outlook is strongly bullish

• GBP/AUD retreated on Wednesday as currencies early gains evaporated  after U.S. Federal Reserve’s   policy meeting.

• GBP/AUD dipped , but losses were limited  as buyers emerged at 1.8240. 

• GBP/AUD remains bullish , only a close back below  38.2%fib at 1.8188 , could upset the bullish order.

• Immediate resistance is located at 1.8305 (23.6%fib ), any close above will push the pair towards 1.8324 (Higher BB).

• Strong support is seen at 1.8231(9DMA) and break below could take the pair towards 1.8196(38.2%fib).

Recommendation: Good to buy  around 1.8260, with stop loss of 1.8150 and target price of 1.8330
 

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