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FxWirePro: GBP/AUD rallies to 2-month high, good to buy on dips

• GBP/AUD peaked higher on Thursday  as Trump tariff news hurt Australian dollar more than Pound .

• Pair climbs above 2.0200 and holds near the day's high late in US session.

• GBP/AUD outlook remains bullish. Only a break and close below  1.6277 (23.6% fib), will shift the bias lower.

• Technicals are favouring bullish sentiment  as RSI is at 69 and the pair is trading above 5 & 9-DMAs.

•   Immediate resistance is located at 2.0200 (Daily high), any close above will push the pair towards 2.0290 (23.6 % fib).

• Support is seen at 2.0059 (38.2% fib) and break below could take the pair towards 1.9669 (50% fib).

Recommendation: Good to buy around 2.0160 with stop loss of 2.0080 and target price of 2.0290
 

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