FxWirePro: GBP/AUD falls below 1.8900 ,bears keep the advantage

• GBP/AUD declined Monday  as an escalating military conflict in the Middle East  sparked global selloff

• The U.S.-Israeli air campaign against Iran expanded on Monday, with Israel striking Lebanon and Iran firing missiles and drones at Israel, Gulf states and a British air base in Cyprus. 

•  U.S. President Donald Trump said the military campaign against Iran could continue for the next four weeks, according to an interview on Sunday.

• Crude prices surged as the conflict shut oil and gas facilities across the Middle East and disrupted shipping through the Strait of Hormuz, which carries about 20% of global oil supply.

• BoE policymaker Alan Taylor said that it was too ⁠soon to tell how the conflict in the Middle East would impact Britain's sluggish economy. 

• Immediate resistance is located at 1.9039(Daily high ), any close above will push the pair towards 1.9169(SMA20).

• Strong support is seen at 1.8867 (23.6%fib ), and break below could take the pair towards 1.8810(Lower BB).

Recommendation: Good to sell on  around 1.8900 with stop loss of 1.8980 and target price of 1.8830