FxWirePro: GBP/AUD approaches key resistance,1.9000 in play
• GBP/AUD strengthened on Friday as uncertainty sparked by the Omicron coronavirus variant weighed Australian dollar .
• GBP/ AUD rises towards 1.9650 and holds near the day's high in US session..
• GBP/AUD remains bullish, only a break and daily close above 1.8646 (50%fib)will shift bias to the downside.
• Technical lean bullish as daily RSI is positive at 69, daily momentum studies 14 and 21 DMAs are trending up.
• Immediate resistance is located at 1.8924 (23.6%fib ), any close above will push the pair towards 1.9000 (Psychological level).
• Strong support is seen at 1.8778(38.2%fib) and break below could take the pair towards 1.8646 (50%fib).
Recommendation: Good to buy around 1.8880, with stop loss of 1.8800 and target price of 1.9000