FxWirePro
Long

GBP/AUD breaks strong resistance at 1.8640, good to long dips

FX:GBPAUD   British Pound/Australian Dollar
242 2 7
GBP/AUD             extends upside after breaking strong trendline resistance at 1.8640.

Technical indicators suggest further upside in the pair.

RSI strength seen at 54, Stochs and MACD are biased north.

We see a bullish crossover of 5-DMA over 10-DMA.

Immediate support and resistance are located at 1.1828 (5-DMA) and 0.8850 (March 25th highs).

Good to buy dips around 1.8770, SL: 0.8675, TP: 1.8850/1.8890/1.89
Trade closed: target reached: We see major hurdle at 1.9250 levels which is 23.6% Fib of 2.2372 to 1.8293 fall. Further upside only on breaks above.

Momentum studies on weeklies are neutral. We recommend booking full profits for now.
SL : 1.8675 not 0.8675
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correction: 5-DMA support is at 1.8620 and resistance is at 1.8850 (March 25th highs)
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