• GBP/AUD edged higher on Monday but gains were limited as investors awaited a slew of economic data this week that will further guide the Bank of England's interest rate path.
• Investors will keenly watch the September data on UK's unemployment rate on Tuesday, followed by key inflation numbers on Wednesday.
• The pair is holding near today's high, break above 38.2%fib resistance will accelerate gains towards 1.9400 level.
• Technical signals are bearish as RSI is at 53, daily momentum studies 5, 9 and 10 DMAs are trending south.
• Immediate resistance is located at 1.9321 (38.2%fib), any close above will push the pair towards 1.9479 (23.6%fib)
• Strong support is seen at 1.9191 (50%fib) and break below could take the pair towards 1.9132(14DMA).
Recommendation: Good to buy around 1.9250 , with stop loss of 1.9180 and target price of 1.9310
