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• GBP/ AUD hovered near one week low on Thursday as investors positioned for interest rate guidance from central bankers, including U.S. Fed's Powell at the Jackson Hole Symposium..
• At GMT 17:05, the pair was trading up 0.08 percent at 1.9644.
• GBP/ AUD beginning to play out sideways between 1.9614 and 1.9680,Break lower risks run towards 1.9550
• Technical signals show the pair could lose more ground in the short-term as RSI has turned lower.
• Immediate resistance is located at 1.9658(38.2%fib), any close above will push the pair towards 1.9770( 5DMA).
• Immediate support is seen at 1.9515 (Aug 15th low) and break below could take the pair towards 1.9438(50%fib).
Recommendation: Good to sell around 1.9650, with stop loss of 1.9750 and target price of 1.9550
