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FxWirePro: GBP/AUD extends gains, potential for bullish continuation

• GBP/AUD rose on Friday as the pair attracted buying interest after news broke of Israeli airstrikes on Iranian nuclear and military targets.

• Middle East tensions escalated sharply after Israel carried out widescale strikes on Iranian nuclear and missile sites.

•  Escalating tensions in the oil-rich Middle East added to market uncertainty, compounding global economic stress already fueled by President Trump’s unpredictable trade policies
 
• Technical are bullish, daily RSI is  up at 56 , daily momentum studies  9 and 10 DMAs are trending north. 

• Immediate resistance is located at 2.1032 (50%fib ), any close above will push the pair towards 2.105832 (Higher BB).

• Strong support is seen at 2.0760(61.8%fib ), and break below could take the pair towards 2.0690 (Lower BB).

Recommendation: Good to buy  around 2.0900 with stop loss of 2.0820 and target price of 2.1000
 

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