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FxWirePro: GBP /AUD attracts selling interest, could be on verge of a bigger drop

• 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

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