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FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
GBP/USD popped higher after upbeat UK Industrial Production data, spiking above the 1.53 handle.
- Data earlier showed that UK industrial production during August expanded at 1.0% and manufacturing production grew 0.5% m/m beating market expectations
- Cable hit 2-week highs at 1.5311 after data and has pared some gains to currently trade at 1.5288
- Strong resistance seen by 200 DMA at 1.5318, and support is located at 1.5226 (4h Tenkan)
- Momentum is bullish, breaks above 200 DMA could take the pair to 1.5380 levels (converged Kijun and 55 EMA)
- Daily Stochs show bullish cross over from oversold levels, RSI is also biased higher
- Markets await BOE decision due to be announced tomorrow, NIESR GDP estimate due later today could decide further momentum on the pair
Recommendation: Good to buy dips around 1.5280, SL: 1.5210, TP: 1.5375
