FxWirePro: GBP/AUD attracts buying interest, 23.6% fibonacci eyed

• GBP/AUD recovered from earlier decline on Wednesday as  upbeat comments from UK PM Boris Johnson on  UK reopening on 21st June  supported on British pound.

• On Wednesday UK PM Johnson said there was nothing in the current data to suggest that date would have to be pushed back but we've got to be so cautious.

• The pullback from the   1.8213 daily low has passed through the 38.2% fibonacci retrace point at 1.8275 and now eyes the 23.6% fib at 1.8392.

• Technical signals are bullish as RSI is at 57, daily momentum studies  5 ,9 DMA’s are trending higher. 

• Immediate resistance is located at 1.8322( Daily high), any close above will push the pair towards 1.8392 (23.6%fib).

• Immediate support is seen at 1.8275 (38.2% fib) and break below could take the pair towards 1.8213 (Daily low).

 Recommendation: Good to buy around 1.8250 with stop loss of 1.8180 and target price of 1.8310.