• GBP/AUD declined on Friday as sterling extended weakness as focus turned to the Bank of England's meeting next week.
•The Bank of England is expected to keep rates on hold at 5.25% when it announces its policy decision on Nov.
• Bears are on course to force a daily close under 38.2% fib support,that would open the pathway to much bigger losses towards 1.9120.
•Technical signals show the pair could lose more ground in the short-term as RSI is at 46 bearsih, daily momentum studies 5, 9 and 11 DMAs are trending updown.
• Immediate resistance is located at 1.9136 (30DMA), any close above will push the pair towards 1.9186(50% fib).
• Strong support is seen at 1.9084 (38.2% fib) and break below could take the pair towards 1.9014 (Oct 25th low).
Recommendation: Good to sell around 1.9150, with stop loss of 1.9250 and target price of 1.9050
