• GBP/AUD gained on Thursday as pound was supported by rapid vaccine distribution and growing evidence that the easing of pandemic restrictions is supporting UK growth.
• GBP/AUD rose 0.47%, finding buyers above the 100DMA and failed key support break at 23.6%fib. GBP/AUD bulls now target the 50 % fib at 1.9398.
• At GMT 17:58, the pair was trading up 0.44 percent at 1.7956 after reaching daily low at 1.9165.
• Technicals highlight upside risks-rising daily RSIs imply upside momentum, the 5-day moving is rising and the 100-DMA helped limit GBP/AUD downside.
• Immediate resistance is located at 1.7996(38.2%fib ), any close above will push the pair towards 1.8050 (April 19th high).
• Strong support is seen at 1.7932(50%fib ) and break below could take the pair towards 1.7866(61.8%fib)
Recommendation: Good to buy on dips around 1.7920, with stop loss of 1.7800 and target price of 1.8000


ETHUSD Dip: Prime Buy Zone to $3600 Targets
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro- Major Crypto levels and bias summary
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro- Major Pair levels and bias summary
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro-Major European Indices
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance 



