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FxWirePro:GBP/AUD trend resumes rise towards key fibo at 1.9192

• GBP/ AUD strengthened   on Wednesday  as squared positions ahead of Fed rate decision  , limiting downside .

• The Fed is likely to deliver a 25-basis point interest rate hike later in the day, though there is less clarity over what the central bank will do at its subsequent meetings.

• The pair currently is approaching resistance at 1.9192 (23.6%fib). A break above   would unmask 1.9300 level in the short term.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 55,while moving averages and MACD are trending higher.

• Immediate resistance is located at 1.9192(23.6%fib), any close above will push the pair towards 1.9282 (Higher BB).

• Immediate support is seen at 1.9062 (38.2%fib) and break below could take the pair towards 1.8937 (50%fib).

Recommendation: Good to buy around 1.9120, with stop loss of 1.9050,  and target price of 1.9240

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