• GBP/AUD steadied on Tuesday as risk appetite improved on hopes for a Middle East peace deal.
Iran’s military announced on Monday that its operation against Israel was over, but cautioned that continued attacks on Lebanon would invite retaliation..
• Israeli Prime Minister Benjamin Netanyahu said the conflict with Iran had temporarily stopped, though he warned that any further attacks would be met with force..
•Meanwhile, UK Prime Minister Keir Starmer’s leadership has been shaken after junior ministers resigned, heightening political uncertainty..
• From a technical viewpoint, the moving averages are pointing upwards , while the RSI is strongly bullish at 64
• Immediate resistance is located at 1.9090 ( Higher BB), any close above will push the pair towards 1.91914 (5DMA).
• Strong support is seen at 1.8910 (38.2%fib) and break below could take the pair towards 1.8816 ( SMA 20).
Recommendation: Good to buy around 1.9000 with stop loss of 1.8950 and target price of 1.9100
