• GBP/AUD dipped on Thursday as escalating U.S.-Iran hostilities weighed on the pair.
• U.S. President Donald Trump said he is seriously considering renewed large-scale military action against Iran and warned that Tehran would be held responsible for any attacks carried out by Yemen's Houthis.
• Trump also said a U.S.-Saudi civil nuclear agreement would depend on Riyadh joining the Abraham Accords and normalising ties with Israel...
• Oil prices extended gains for a fifth consecutive day on Thursday as Houthi attacks on tankers in the Red Sea and disruptions in the Strait of Hormuz intensified global supply concerns.
•The Bank of England is also widely expected to keep its lending rate steady when it meets next week.
• Immediate resistance is located at 1.9192(61.8%fib), any close above will push the pair towards 1.9235(Higher BB).
• Immediate support is seen at 1.9062(50%fib) and break below could take the pair towards 1.9025(Lower BB).
Recommendation: Good to sell around 1.9120, with stop loss of 1.9190 and target price of 1.9070
