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FxWirePro:GBP/AUD positions for another climb, eyes 1.9100 level

• GBP/ AUD rose sharply on Thursday as Australian dollar declined against pound in the aftermath of Powell's hawkish back flip and lower commodity prices.

• The pair currently is approaching resistance at 1.9046( 23.6%fib). A break above 23.6%fib would unmask 1.9100 level in the short term.

• Technical signals show the pair could gain more ground in the short-term as RSI is at 67,while moving averages  are trending higher.

• Immediate resistance is located at 1.9046( 23.6%fib), any close above will push the pair towards 1.9085(Higher BB).

• Immediate support is seen at 1.8944 (5DMA) and break below could take the pair towards 1.8917 (38.2%fib).

Recommendation: Good to buy around 1.9020, with stop loss of 1.8900 and target price of 1.9100

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