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FxWirePro: GBP/AUD loses momentum but outlook is bullish

• GBP/AUD eased on Thursday after the Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25%.

• The BoE decision was closely watched for clues on how central banks globally will balance taming inflation and maintaining growth. .

• Technical signals are bullish as RSI is at 60, daily momentum studies 5,10 ,21 DMA  are trending up.

•  Immediate resistance is located at 1.9470( 23.6%fib), any close above will push the pair towards 1.9500 ( Higher BB).

• Strong support is seen at 1.9332 (38.2%fib) and break below could take the pair towards 1.9245 (5DMA).

 Recommendation: Good to buy around 1.9350, with stop loss of 1.9230 and target price of 1.9460

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