FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption

• GBP/AUD edged higher on Thursday  as investors digested   downbeat domestic data ​and persisting worries that the Middle East..

• Iran's supreme leader has issued a directive that ​the country's near-weapons-grade uranium should not be sent abroad, Reuters reported, ​hardening Tehran's stance on one of the main U.S. ⁠demands at peace talks

• The prolonged conflict has already pushed oil prices higher, adding to inflationary pressures and reinforcing concerns about a more persistent rise in overall price levels.up..

•.  A survey on Thursday showed that British companies experienced their most widespread decline in activity in over a year, driven by the economic impact of the war and ongoing domestic political uncertainty..

•  Meanwhile, factory orders in ​May contracted at ​the fastest rate ⁠since September 2020, according to the Confederation of British Industry.

• Immediate resistance is located at 1.8837 (38.2%fib), any close above will push the pair towards 1.8977(Higher BB).

• Immediate support is seen at 1.8607 (Lower BB) and break below could take the pair towards 1.8556(23.6%fib).

Recommendation: Good to sell around 1.8810 with stop loss of 1.8900   and target price of 1.8700