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• GBP/AUD recovered some ground on Tuesday as Australian dollar ran out of steam, as a risk rally hit turbulence.
• The rallied sharply, lift stops after finding resistance at 1.7858 (38.2%fib ).
• GBP/AUD remains vulnerable, only a close back above 38.2 % fib at 1.7882, could upset the bearish order.
• Immediate resistance is located at 1.7858 (38.2%fib ), any close above will push the pair towards 1.7982 (50% fib).
• Strong support is seen at 1.7724(Lower BB) and break below could take the pair towards 1.7685(23.6%fib).
Recommendation: Good to sell on around 1.7820, with stop loss of 1.7982 and target price of 1.7750
