FxWirePro: GBP/AUD consolidating around 1.9890, room for further gains

• GBP/AUD firmed  on Thursday  as the British economy unexpectedly grew in the final quarter of last year, providing a brief boost to the pound.

•Official figures released on Thursday showed that Britain's economy unexpectedly grew by 0.1% in the final quarter of last year.

• Traders are closely awaiting next week’s UK employment and price data as key indicators for the Bank of England’s potential policy moves.

•A daily close above  38.2%fib  will further improve the technical outlook, and open the possibility of a rally towards 2.0150 level

• Immediate resistance is located at 1.9985 (38.2%fib), any close above will push the pair towards 2.0155(Higher BB).

• Immediate support is seen at 1.9818 (50%fib) and break below could take the pair towards 1.9717(61.8%fib).

Recommendation: Good to buy around 1.9885 with stop loss of 1.9800 and target price of 2.0150