• GBP/AUD recovered some ground on Thursday as the pair was swept up in global market swings on Russia's Ukraine invasion.
• GBP/AUD remains vulnerable, only a break and daily close above 1.8808( 50%fib) will shift bias to the upside.
• From a technical viewpoint, the moving averages are pointing downwards, while the RSI is strongly bearish at 38.
• Immediate resistance is located at 1.8733( 38.2%fib), any close above will push the pair towards 1.8808( 50%fib).
• Strong support is seen at 1.8640 (23.6% fib ) and break below could take the pair towards 1.8600 (Ichimoku Cloud Base).
Recommendation: Good to sell around 1.8690, with stop loss of 1.8810 and target price of 1.8600.
