• GBP/AUD declined on Friday as investors reacted to weaker-than-expected US Jobs data
• U.S. job growth slowed more than anticipated in January, following strong gains in the previous two months. Nonfarm payrolls increased by 143,000, well below the expected 170,000.
• Technical signals are bearish as RSI is at 44, daily momentum studies 5 ,9 and 11 DMA are trending down.
• , Immediate resistance is located at 1.9901 ( 38.2%fib), any close above will push the pair towards 1.9952 ( Feb 5th high).
• Strong support is seen at 1.9762 (50%fib) and break below could take the pair towards 1.9616(61.8%fib).
Recommendation: Good to sell around 1.9800, with stop loss of 1.9880 and target price of 1.9720
