FxWirePro: GBP/AUD downside pressure builds, key support level in focus

• GBP/AUD edged  lower  on Monday  as  higher commodity price and    rising expectations of higher interest rates from the RBA supported Australian dollar..

• Oil prices held steady on Monday as easing unrest in Iran lowered the risk of a U.S. attack that could disrupt supplies, while investors shifted focus to tensions surrounding Greenland..

• On the data front, Australia’s Melbourne Institute Monthly Inflation Gauge rose 1% m/m in December 2025, the fastest pace since December 2023, accelerating sharply from 0.3% in the prior two months.

•Attention now turns to Australian December labour market data due Thursday, where a Reuters poll forecasts 30,000 jobs added and the unemployment rate holding at 4.4%, a key test for RBA policy expectations.

• Immediate resistance is located at 2.0082(SMA 20), any close above will push the pair towards 2.0169(38.2%fib).

• Immediate support is seen at 1.9964(23.6%fib) and break below could take the pair towards 1.9917 (Lower BB).

Recommendation: Good to sell around 2.0000 with stop loss of 2.0160 and target price of 1.9920