• GBP/ AUD rose sharply on Friday as the pair boosted after forecast-crushing U.S.jobs data.
• Data showed U.S. jobs growth accelerated far more than expected in May, keeping the Federal Reserve on track to hold off starting to cut interest rates until September at the earliest.
• Nonfarm Payrolls (NFP) rose by 272,000 jobs in May, against expectations of an increase of 185,000.
• Technical signals are strongly bullish as RSI is bullish at 64, 5, 9,11 DMAs are trending up.
• Immediate resistance is located at 1.9322(23.6%fib), any close above will push the pair towards 1.9453 (Higher BB).
• Immediate support is seen at 1.9255(38.2%fib) and break below could take the pair towards 1.9188 (50%fib).
Recommendation: Good buy around 1.9300, with stop loss of 1.9200 and target price of 1.9400
