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FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish 
• GBP/AUD firmed on Thursday as cable enjoyed a modest bounce as investors focus shifted to Thursday’s UK GDP data .
•Markets have moved to price in more easing from the Bank of England this year after the central bank cut the bank rate by 25 basis points last week.
•BoE policymaker Catherine Mann, who had previously been viewed as the most hawkish member of the rate-setting Monetary Policy Committee, shocked markets by voting for a larger 50 basis point move.
•A daily close above 38.2%fib will further improve the technical outlook, and open the possibility of a rally towards 2.2200 level
• Immediate resistance is located at 2.2095 (38.2%fib), any close above will push the pair towards 2.2217(23.6%fib).
• Immediate support is seen at 2.1946 (50%fib) and break below could take the pair towards 2.1803(61.8%fib).
Recommendation: Good to buy around 2.2000 with stop loss of 2.1900 and target price of 2.2200
