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FxWirePro : GBP/AUD maintains bullish bias with focus on 2.1000 level

• GBP / AUD   edged higher on Monday but gains were limited amid holiday-thinned trading volumes.

• Trading remained thin with both U.K. and U.S. markets closed for holidays, resulting in low liquidity conditions and potentially exaggerated price movements.

• Looking ahead, attention will shift to key domestic eonomic data from Australia, which could influence RBA expectations and drive further price action in GBP / AUD  .

• Technical signals are bullsih as RSI is heading up at 75, daily momentum studies  11, 14 and 21 DMAs are trending up.

• Immediate resistance is located at 2.0977(Higher BB), any close above will push the pair towards 2.1115(38.2% fib).

• Strong support is seen at 2.0822(50% fib) and break below could take the pair towards 2.0685 (May 20th low)

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

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