• GBP/AUD fell on Thursday after Bank of England Governor Andrew Bailey hinted at faster policy easing.
• Bank of England Governor Andrew Bailey said there was a chance the central bank could move more quickly to cut interest rates if there is further good news on inflation.
• On the data front,The S&P Global UK Services Purchasing Managers Index dropped to 52.4 in September, from 53.7 in August.
• Technical are bearish, daily RSI is negative at 46, daily momentum studies 11and 14 DMAs are trending down.
• Immediate resistance is located at 1.9241(38.2%fib ), any close above will push the pair towards 1.9312 (Daily high).
• Strong support is seen at 1.9121(23.6%fib) and break below could take the pair towards 1.9121 (Lower BB).
Recommendation: Good to sell around 1.9190 , with stop loss of 1.9260 and target price of 1.9130
