• GBP/AUD fell on Wednesday as investors assessed the potential impact of Trump's policies.
• Trump's proposed tariffs could stoke U.S. inflation, complicating the Fed's ability to cut rates and potentially weighing on gold prices.
• Sterling bulls await BoE Deputy Governor Sarah Breeden's Jan. 9 speech on inflation and monetary policy for potential support.
• Immediate resistance is located at 2.2191 (38.2%fib), any close above will push the pair towards 2.2381(Jan 2nd high).
• Immediate support is seen at 2.1977 (50%fib) and break below could take the pair towards 2.1898(Lower BB).
Recommendation: Good to sell round 2.2050, with stop loss of 2.2150 and target price of 2.1850
