• GBP/AUD edged lower on Monday as investors braced for a wave of U.S. sanctions on Iran and its trading partners.
• President Donald Trump’s administration on Monday warned countries to reduce business ties with Iran or face secondary sanctions, describing the move as an “economic D-Day.
• U.S. Federal Reserve Chairman Kevin Warsh's debut speech at the annual Jackson Hole conference this week will also be on traders' radar as they seek guidance about the recent jump in bond yields and monetary policy outlook..
• Traders see a 58% chance of the Fed holding rates steady in September, while the probability of no hike falls to 43.8% in October and 25.7% in December, according to CME Group’s FedWatch tool..
• Meanwhile,Traders see UK benchmark interest rates rising by at least 25 basis points by December , although most economists anticipate no change..
• Immediate resistance is located at 1.9123(SMA20), any close above will push the pair towards 1.9168(Higher BB).
• Immediate support is seen at 1.9005(50%fib) and break below could take the pair towards 1.8971(Lower BB).
Recommendation: Good to sell around 1.9080, with stop loss of 1.9120 and target price of 1.9000
