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FxWirePro: GBP/AUD eyes fibo resistance after rallying off from 1.9780

• GBP/AUD rose on Monday  as sterling firmed as investors focus shifted    to economic data and central bank policy meetings later this week.

• Inflation data from Japan, Germany, and France will be released on Friday, along with the Fed's preferred inflation gauge in the U.S.

• Federal Reserve and European Central Bank rate decisions are due on Wednesday and Thursday, respectively.

•A daily close above  38.2%fib  will further improve the technical outlook, and open the possibility of a rally towards 2.0100 level

• Immediate resistance is located at 1.99967 (38.2%fib), any close above will push the pair towards 2.0093 (Jan 8th high).

• Immediate support is seen at 1.9766 (50%fib) and break below could take the pair towards 1.9557(61.8%fib).

Recommendation: Good to buy around 1.9850, with stop loss of 1.9700 and target price of 2.0050

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