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FxWirePro:GBP/AUD stays bid, not much reaction to Iran-Israel tensions

• GBP/ AUD steadied  around 1.9290 on Monday but gains were limited as markets were gripped by geopolitical fears.

• A rally towards 1.9400 is   possible if  GBP/ AUD bulls overcome resistance at 38.2%fib.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 51,while moving averages and MACD are trending higher.

• Immediate resistance is located at 1.9326( 38.2%fib), any close above will push the pair towards 1.9405 (Mar 29th high).

• Immediate support is seen at 1.9242 (9EMA) and break below could take the pair towards 1.9203(50%fib).

Recommendation: Good to buy around 1.9280, with stop loss of 1.9200 and target price of 1.9370

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