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• 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
