AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
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• GBP/ AUD rose sharply on Thursday as expectations of a rate hike by the Bank of England (BoE) supported the pound.
• The BoE has already raised interest rates twice since December - lifting rates to 0.5% from 0.1% - and financial markets expect a further rate rise to 0.75% or 1% on March 17.
• The pair currently is approaching resistance at 38.2%fib. A break above would unmask 1.9000 level in the short term.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 52,while moving averages and MACD are trending higher.
• Immediate resistance is located at 1.8972( 38.2%fib), any close above will push the pair towards 1.9038 (23.6%fib).
• Immediate support is seen at 1.8921 (50%fib) and break below could take the pair towards 1.8871 (61.8%fib).
Recommendation: Good to buy around 1.8600, with stop loss of 1.8520 and target price of 1.8660
