• GBP/AUD retreated on Thursday after comments from the BoE's Chief Economist triggered slight decline in the pair.
• Bank of England (BoE) policymaker Chief Economist Huw Pill, reiterated policy will need to remain restrictive for some time.
• At GMT 17:24, the pair was trading down 0.28 percent at 1.9131 afterhiting daily high at 1.9208.
• Technical signals are mixed as RSI is flat , daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.9216 (38.2%fib ), any close above will push the pair towards 1.9264 (100DMA).
• Strong support is seen at 1.9084 (50%fib) and break below could take the pair towards 1.9044(Nov 8th low).
Recommendation: Good to buy on around 1.9110, with stop loss of 1.9050 and target price of 1.9180
