• GBP/AUD traded in a narrow range on Monday as thin month-end liquidity kept market activity subdued.
• Investors are looking ahead to the U.S. payrolls report on September 4 and mid-September U.S. and UK inflation data for fresh direction.
•The Bank of England (BoE) held Bank Rate at 3.75% on July 30 by a vote of six to three, with the three preferring 4.00% and the hawkish bloc growing by one.
• Markets are currently pricing the Bank of England to remain on hold at its September meeting, with around 27 basis points of easing priced by December.
• Immediate resistance is located at 1.9000(Psychological level), any close above will push the pair towards 1.9048(SMA 20).
• Immediate support is seen at 1.8887 (23.6%fib) and break below could take the pair towards 1.8840(Lower BB).
Recommendation: Good to sell around 1.9000, with stop loss of 1.9120 and target price of 1.8950
