• GBP /AUD strengthened on Friday after data showed Britain's tepid economy exited a shallow recession.
• Gross domestic product expanded by 0.1% in monthly terms in February, as expected in a Reuters poll of economists.
• January's reading was revised to show growth of 0.3%, up from 0.2% earlier, the Office for National Statistics (ONS) said.
• The pairs rise above the 1.9234 (9EMA)has reinforced the growing bullish strength, putting focus on resistance at 1.9342 (23.6% fib).
• Immediate resistance is located at 1.9285 (Daily high), any close above will push the pair towards 1.9342 (23.6% fib).
• Immediate support is seen at 1.9234 (9EMA) and break below could take the pair towards 1.9191(38.2%fib).
Recommendation: Good to buy on dips around 1.9260, with stop loss of 1.9150 and target price of 1.9340
