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UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
• GBP/AUD after initially gained on Friday but gave gave up some ground as investors remained concerned about the economic outlook for the United Kingdom.
• Pound has recovered against Australian dollar sharply from their October lows, when a botched mini-budget roiled investor sentiment.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 64 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.8000 (Psychological level), any close above will push the pair towards 1.8112 (Higher BB).
• Strong support is seen at 1.7816(9DMA) and break below could take the pair towards 1.7676 (38.2%fib )
Recommendation: Good to buy around 1.7900 with stop loss of 1.7780 and target price of 1.8000
