• GBP/AUD declined on Friday after data showed that U.S. employers added more jobs than expected in April, while wages also grew more than economists' anticipated..
• Bears have tightened their grip on this market,A break, daily close under 38.2% fib suppportcould deepen losses.
• Technicals continue to highlight downside risks 14-day momentum confirming price pick-up
• Immediate resistance is located at 1.8545 (11 DMA ), any close above will push the pair towards 1.8910 (23.6% fib).
• Strong support is seen at 1.8697 (38.2% fib) and break below could take the pair towards 1.8533 (50% fib).
Recommendation: Good to sell on around 1.8700, with stop loss of 1.8780 and target price of 1.8610
