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FxWirePro: GBP/AUD steadies above 1.9000, good to buy on dips

• GBP /AUD strengthened  on Wednesday as   BoE rate hike expectations boosted pound.

• Investors have now fully priced a 25-basis-point rise in the BoE's main interest rate to 0.50% on Feb. 3rd

• The pair is currently approaching 38.2%fib,a break above will  take pair towards next resistance at 1.9172.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 60 bullish, moving averages are trending up. 

• Immediate resistance is located at 1.9049(38.2% fib), any close above will push the pair towards 1.9176 (23.6%fib).

• Immediate support is seen at 1.8986(9DMA) and break below could take the pair towards 1.8839 (61.8%fib).

Recommendation: Good to buy on dips around 1.9040, with stop loss of 1.9000 and target price of 1.9150.

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