FxWirePro: GBP/AUD bounces after Trump Unwinds Iran Ultimatum

• GBP/AUD firmed  on Monday  as   markets reacted to easing geopolitical tensions after Trump postponed strikes on Iran, signaling a temporary de-escalation.

• The comments came hours ahead of a deadline that threatened further escalation in the conflict, now in its fourth week.

• British Prime Minister Keir Starmer said on ​Monday there had been no ‌assessment that mainland Britain was being targeted by Iran.

• Starmer ​also ⁠said that any attempt to reopen the ​Strait of Hormuz needed ​careful ⁠consideration and a viable plan, and that his number ⁠one ​priority was to ​protect British interests and de-escalate.

•  Investors now focus on Australia’s February monthly CPI release on Wednesday, which could influence RBA interest rate expectations and further AUD movement.

• Immediate resistance is located at 1.9193 (38.2%fib), any close above will push the pair towards 1.9231(Higher BB).

• Strong support is seen at 1.8961 (Lower BB ), and break below could take the pair towards 1.8698 (23.6%fib).

Recommendation: Good to sell on  around 1.9170 with stop loss of 1.9250  and target price of 1.9120