• GBP/AUD held firm on Wednesday as traders awaited further developments in the Middle East crisis.
• The U.S. military carried out strikes on Iran on President Donald Trump’s orders after an American helicopter was shot down in the Strait of Hormuz..
• , Iran’s foreign minister warned Washington to exit the region or face repercussions, saying no attack would go unanswered.
• FX markets remained steady despite the latest escalation, with focus on potential peace prospects.
• Looking ahead,attention is on Friday’s UK GDP release, with additional drivers for sterling due in the coming week..
• Immediate resistance is located at 1.9117((50%fib), any close above will push the pair towards 1.9148(Higher BB).
• Strong support is seen at 1.9016(Daily low) and break below could take the pair towards 1.8981(61.8%fib).
Recommendation: Good to buy around 1.9090, with stop loss of 1.9000, and target price of 1.9150
