• GBP/AUD eased on Friday despite upbeat UK retail sales as data did little to shift expectations around Bank of England (BoE) monetary policy.
• The latest UK retail sales data, part of a series of significant British economic indicators released this week, failed to impact GBP, with traders largely disregarding the modest uptick in sales.
• At GMT 18:36, the pair was trading down 0.11 percent at 1.9280 after reaching daily high at 1.9380 .
• Technical are bearish, daily RSI has turned lower, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.9389(38.2% fib), any close above will push the pair towards 1.9459 (Higher BB).
• Strong support is seen at 1.9211 (50% fib) and break below could take the pair towards 1.9166(Lower BB).
Recommendation: Good to sell on around 1.8290, with stop loss of 1.8380 and target price of 1.9200
