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• GBP/AUD edged higher on Friday but gains were limited as traders squared positions ahead of the weekend.
• Trading volumes stay subdued during holiday-shortened week, with extended New Year celebrations keeping activity low.
• GBP/AUD remains vulnerable, a daily break and close below 50%fib support will shift bias towards 1.9400.
• Immediate resistance is located at 2.0073 (38.2%fib ), any close above will push the pair towards 2.0240(23.6%fib).
• Strong support is seen at 1.9928 (50%fib) and break below could take the pair towards 1.9793 (61.8%fib).
Recommendation: Good to sell around 2.0050 with stop loss of 2.0150 and target price of 1.9950
