• GBP/AUD retreated on Wednesday as currencies early gains evaporated after U.S. Federal Reserve’s policy meeting.
• GBP/AUD dipped , but losses were limited as buyers emerged at 1.8240.
• GBP/AUD remains bullish , only a close back below 38.2%fib at 1.8188 , could upset the bullish order.
• Immediate resistance is located at 1.8305 (23.6%fib ), any close above will push the pair towards 1.8324 (Higher BB).
• Strong support is seen at 1.8231(9DMA) and break below could take the pair towards 1.8196(38.2%fib).
Recommendation: Good to buy around 1.8260, with stop loss of 1.8150 and target price of 1.8330
