FxWirePro: GBP/AUD uptrend looks tired, but continues to hold

• GBP /AUD strengthened on Thursday as gains were driven by a fall in coronavirus cases in Britain. 

• The pair hit daily high at 1.8953 and was last trading at 1.8879 at (GMT 21:26).

• The pairs rise above the 38.2% fib has reinforced the growing bullish strength, putting focus on resistance at 23.6% fib resitence.

• Immediate resistance is located at 1.8953(23.6% fib), any close above will push the pair towards 1.9000 (Psychological level).

• Immediate support is seen at 1.8830 (38.2% fib) and break below could take the pair towards 1.8735 (50%fib).

Recommendation: Good to buy on dips around 1.8860, with stop loss of 1.8780 and target price of 1.8950.