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FxWirePro: GBP /AUD unlikely to invite any further GBP strength, good to sell on rally

• GBP/AUD dropped on Thursday as sterling remained under pressure, with concerns over Trump's policies driving up UK borrowing costs. • Bank of England Deputy Governor Sarah Breeden supported a rate cut, citing recent ev…

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FxWirePro: GBP /AUD unlikely to invite any further GBP strength, good to sell on rally
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• GBP/AUD dropped on Thursday as sterling remained under pressure, with concerns over Trump's policies driving up UK borrowing costs.

• Bank of England Deputy Governor Sarah Breeden supported a rate cut, citing recent evidence, though the timing remains uncertain.

• Investors await Friday's payrolls report to assess the central bank's stance on interest rate cuts..

• Immediate resistance is located at 1.9977 (38.2%fib), any close above will push the pair towards 2.030(23.6%fib).

• Immediate support is seen at 1.9822(50%fib) and break below could take the pair towards 1.9735 (Lower BB).

Recommendation: Good to sell  round 2.2000, with stop loss of 2.2150 and target price of 2.1850

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