• GBP/ AUD rose sharply on Monday as investors eyed confidence vote against UK PM Johnson.
• Prime Minister Boris Johnson was due to face a confidence vote called by members of his Conservative Party.
• At GMT 15:59, the pair was trading up 0.47 percent at 1.7404.
• Technical signals show the pair could gain as RSI Is rising,while moving averages turning up.
• Immediate resistance is located at 1.7411( 5DMA), any close above will push the pair towards 1.7448 (38.2%fib).
• Immediate support is seen at 1.7304 (50%fib) and break below could take the pair towards 1.7148 (61.8%fib).
Recommendation: Good to buy around 1.7400, with stop loss of 1.7250 and target price of 1.7510
