FxWirePro:GBP/AUD maintains bullish bias with focus on 1.8100

• GBP/AUD retreated back towards  1.8000 on Friday as the cross pair failed to break resistance at 1.8082   

• Despite today's GBP/AUD retreat from its highs, sterling bulls remain in control eyeing further gains versus the AUD.

• GBP/AUD has been consolidating of late, partly  on UK’s successful vaccine rollout.

• Technical are bullish, daily RSI is postive at 58, daily momentum studies  5,9 and 11 DMAs are trending north. 

• Immediate resistance is located at 1.8082   (Higher BB ), any close above will push the pair towards 1.8136(23.6%fib).

• Strong support is seen at 1.7932 (38.2%fib) and break below could take the pair towards 1.7893 (9DMA).

Recommendation: Good to buy   around 1.8000, with stop loss of 1.7790 and target price of 1.8100.