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FxWirePro:GBP/AUD uptrend looks tired, but continues to hold

• GBP/ AUD strengthened  on Friday as risk-sensitive AUD was negatively impacted by easing commodities  prices  .

• The pair was trading up 0.08 percent  at 1.9211 after reaching daily high at 1.9250.

• Technical signals are bullish as RSI is at 54, daily momentum studies  5, 9 and 11 DMAs are trending  up. 

• Immediate resistance is located at 1.9250 ( 38.2% fib), any close above will push the pair towards 1.9344 (23.6% fib).

• Immediate support is seen at 1.9168(50% fib) and break below could take the pair towards 1.9143 (5DMA).

 Recommendation: Good to buy around 1.9200, with stop loss of 1.9100 and target price of 1.9280
 

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