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• GBP/ AUD rose on Friday as rising expectations for the Bank of England to raise interest rates earlier than expected lifted the pair.
• The British pound held firm against weaker Australian dollar on Friday after a Bank of England policymaker said on on Thursday said that,BOE was likely to interest rates next year.
• Technical signals are strongly bullish as RSI is at 67, daily moving averages are trending up.
• Immediate resistance is located at 1.8440 (Higher BB), any close above will push the pair towards 1.8500(Psychological level).
• Immediate support is seen at 1.8370 (5DMA) and break below could take the pair towards 1.8286 (5DMA).
Recommendation: Good buy around 1.8350, with stop loss of 1.8240 and target price of 1.8500
