• GBP/ AUD steadied on Thursday as investors waited for U.S. personal consumption expenditures (PCE) data.
• The Fed's preferred measure of inflation on Friday could provide further indications on how the central bank might proceed with interest rate cuts later this year..
• The pair currently is approaching resistance at 23.6%fib . A break would unmask 1.9300 level in the short term.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 57,while moving averages and MACD are trending higher.
• Immediate resistance is located at 1.9242( 23.6%fib), any close above will push the pair towards 1.9294 (Higher BB).
• Immediate support is seen at 1.9130(38.2%fib) and break below could take the pair towards 1.9025(50%fib).
Recommendation: Good to buy around 1.9190, with stop loss of 1.9100 and target price of 1.9260
