• GBP/AUD turned lower on Friday as the attracted sellers as investors awaited the UK GDP report on Friday.
• Friday's gross domestic product estimate for October will be a key economic indicator before the BoE's decision.
• Technical highlight upside risks for GBP/AUD, with momentum studies, 5, 10 and 21 SMAs tracking north.
• Immediate resistance is located at 2.0023 (23.6%fib ), any close above will push the pair towards 2.0079 (Higher BB).
• Strong support is seen at 1.9870(38.2%fib ), and break below could take the pair towards 1.9748(50%fib).
Recommendation: Good to buy around 1.9900 with stop loss of 1.9820 and target price of 1.9980
