• GBP/ AUD strengthened on Thursday as expectations of more interest rate hikes by the Bank of England supported Pound.
• Investors await data on the UK's labour market, economic growth and monthly industrial and manufacturing output next week to gauge the state of the economy and the policy tightening path.
• GBP/USD bears maintain control below 38.2%fib, focus is on 50%fib fibo, a break below will accelerate losses.
• Immediate resistance is located at 1.8724 (5DMA), any close above will push the pair towards 1.8824 (38.2%fib).
• Strong support is seen at 1.8573 (50%fib) and break below could take the pair towards 1.8542 (Lower BB )
Recommendation: Good to sell around 1.8700 with stop loss of 1.8780 and target price of 1.8620
