• GBP/ AUD steadied around 1.9290 on Monday but gains were limited as markets were gripped by geopolitical fears.
• A rally towards 1.9400 is possible if GBP/ AUD bulls overcome resistance at 38.2%fib.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 51,while moving averages and MACD are trending higher.
• Immediate resistance is located at 1.9326( 38.2%fib), any close above will push the pair towards 1.9405 (Mar 29th high).
• Immediate support is seen at 1.9242 (9EMA) and break below could take the pair towards 1.9203(50%fib).
Recommendation: Good to buy around 1.9280, with stop loss of 1.9200 and target price of 1.9370
