•GBP/AUD declined on Monday as stronger Australian dollar and risk that England might not unlock its economy from lockdown on June 21 weighed on the pair.
•At GMT 16:23, the pair was trading 0.03% lower at 1.8265, slightly higher from session low at 1.8237.
•GBP/AUD remains vulnerable, only a break and daily close above 1.8335 (38.2%fib) will shift bias to the upside.
•Technical are bearish, daily RSI is trending down, daily momentum studies 5,11 and 14 DMAs are pointing southwards.
• Immediate resistance is located at 1.8293 (5DMA ), any close above will push the pair towards 1.8335 (38.2%fib).
• Strong support is seen at 1.8250 (50%fib) and break below could take the pair towards 1.8156 (61.8%fib).
Recommendation: Good to sell around 1.8250, with stop loss of 1.8350 and target price of 1.8180
