FxWirePro: GBP/AUD maintains bullish bias with focus on 1.8950

•GBP/ AUD  initially dipped  on Friday after down beat UK retail sales data but recovered ground as pair the found support at 1.8840.

•Bulls have tightened their grip after registering a close above the 1.8840 (38.2%fib),scope grows for bigger gains towards 1.8900. 

•Technical signals are strongly bullish  as RSI is bullish at 58, 5, 9,11 DMAs are trending up. 

•Immediate resistance is located at 1.8950(23.6%fib), any close above will push the pair towards 1.9021(Higher BB).

• Immediate support is seen at 1.8840 (38.2%fib) and break below could take the pair towards 1.8793 (20DMA).

Recommendation: Good buy around 1.8870, with stop loss of 1.8800 and target price of 1.8950