GBP/AUD Technical Analysis: Bulls aim for 1.8260 after recent bounce

• The GBP/AUD pair carries forward its previous day bounce to a shade lighter than 1.8200 round figure on Thursday’s early Asian trading session.
• A 2-week long descending trendline around 1.8260 can become immediate target for the pair bulls, break of which can accelerate the pair’s advances to the 1.8310.
• In case prices continue rising above 1.8310, the January month high near 1.8515 and the 61.8% Fibonacci expansion (FE) of the pair’s recent pullback moves, at 1.8680, seem crucial resistances to observe.
• Alternatively, the 1.8100 and the 1.8000 mark may offer immediate supports to the pair ahead of diverting market attention to the 1.7880 support-line stretched since early December 2018.
• If at all the quote slips under 1.7880 then the 1.7740 and the 1.7600 are likely next supports to grab limelight.

GBP/AUD 4-hour chart