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• GBP/ AUD edged higher on Monday as sterling continued to dominate Australian dollar as UK's early vaccine headstart versus Europe supported sterling broadly .
• GBP/ AUD jump above 1.8117(38.2% fib) has puts the focus on the 1.9303 ( 23.6% fib).A break and daily close above 1.9303 would accelerate gains.
• Technical signals favours bullish sentiment, RSI is at 63 and pair trades above 5,9 & 11-DMAs.
• Immediate resistance is located at 1.8196 ( Higher BB), any close above will push the pair towards 1.9300 (23.6% fib).
• Immediate support is seen at 1.8137(5 DMA) and break below could take the pair towards 1.8117(38.2% fib).
Recommendation: Good to buy around 1.8140, with stop loss of 1.8100 and target price of 1.8250
