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FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
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Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
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FxWirePro: EUR/AUD downward momentum remains in place 
• EUR/AUD rally extended towards 1.4800 on Tuesday as markets turned their attention to increasingly hawkish ECB rhetoric.
• EUR/AUD rallied towards 1.4800, buoyed by the ECB calls for rates to potentially rise above 2% if necessary to arrest runaway price growth.
• EUR/AUD bulls confidence is running high, a test of the 1.4888 (23.6% fibo) highly seems likely.
• From a technical viewpoint, RSI is strongly bullish at 54, daily momentum studies, 5, 10 and 21 daily MAs all climb.
• Immediate resistance is located at 1.4888 (23.6%fib), any close above will push the pair towards 1.4931 (Higher BB).
• Immediate support is seen at 1.4790(38.2% fib) and break below could take the pair towards 1.47582 (5DMA).
Recommendation: Good to buy on dips around 1.4790, with stop loss of 1.4650 and target price of 1.4910.
