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FxWirePro:GBP/AUD gains some upside momentum but still bearish

• GBP/AUD retreated back towards  1.8350 on Monday as the cross pair failed to break support  at 1.8246   

• Despite today's GBP/AUD retreat from its lows, GBP/AUD bears remain in control eyes further drop towards 1.8300 .

• Technical are bearish, daily RSI is postive at 52, daily momentum studies  5,9 and 11 DMAs are trending south. 

• Immediate resistance is located at 1.8082   (14DMA ), any close above will push the pair towards 1.8396 (Daily high).

• Strong support is seen at 1.8246 (50%fib) and break below could take the pair towards 1.8187 (Lower BB).

 Recommendation: Good to sell   around 1.8350, with stop loss of 1.8400 and target price of 1.8250.

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