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• GBP/AUD declined on Tuesday as the pair attracted seller on worsening Ukraine crisis.
• Concerns about the escalating crisis over Ukraine increased after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area.
• The pair is approaching support 1.8796. A break under would unmask 1.8750 level in the short term.
• Immediate resistance is located at 1.8838 (38.2%fib), any close above will push the pair towards 1.8877 (5DMA).
• Immediate support is seen at 1.8796 (Ichimoku cloud top ), break below could take the pair towards 1.8746 (23.6%fib).
Recommendation: Good to sell around 1.8820 with stop loss of 1.8900 and target price of 1.8720
