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Pound Under Siege: GBPJPY Eyes Critical Support Amid Geopolitical Turmoil 
• EUR/AUD rose on Monday after Donald Trump delayed planned strikes on Iran’s energy infrastructure following “productive” talks with Tehran..
• Donald Trump said the U.S. and Iran had “productive” talks toward ending hostilities, but Iran denied any contact, keeping markets cautious..
• Europe remains highly exposed to energy price swings due to its reliance on imports through the Strait of Hormuz, a key route for a fifth of global oil now largely halted by the war..
• Hopes of de-escalation led markets to trim ECB rate hike bets, though brokerages warn inflation and growth impacts may linger for months.
• Strong resistance is located at 1.6500 (38.2% fib), any close above will push the pair towards 1.6710 (March 2nd high)
• Immediate support is seen at 1.6303 (Daily low) and break below could take the pair towards 1.6139 (23.6%fib).
Recommendation: Good to sell around 1.6620 with stop loss of 1.6700 and target price of 1.6550
