• GBP/AUD rose on Friday as the pair attracted buying interest after news broke of Israeli airstrikes on Iranian nuclear and military targets.
• Middle East tensions escalated sharply after Israel carried out widescale strikes on Iranian nuclear and missile sites.
• Escalating tensions in the oil-rich Middle East added to market uncertainty, compounding global economic stress already fueled by President Trump’s unpredictable trade policies
• Technical are bullish, daily RSI is up at 56 , daily momentum studies 9 and 10 DMAs are trending north.
• Immediate resistance is located at 2.1032 (50%fib ), any close above will push the pair towards 2.105832 (Higher BB).
• Strong support is seen at 2.0760(61.8%fib ), and break below could take the pair towards 2.0690 (Lower BB).
Recommendation: Good to buy around 2.0900 with stop loss of 2.0820 and target price of 2.1000
