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FxWirePro- Woodies Pivot(Major) 
• GBP/AUD declined on Monday as sentiment towards the British currency remaining weak given a darkening economic outlook .
• The BoE is meeting on Thursday and new finance minister Kwasi Kwarteng is on Thursday or Friday expected to deliver his first statement on an energy price cap and tax cuts anticipated.
• The pair is a approaching 38.2%fib . A break under would unmask 1.6900 level .
• Technical signals show bearish momentum , the 5 DMA and 9 DMAs trend south, while RSI is heading south at 43.
•Immediate resistance is located at 1.7038(5DMA) , any close above will push the pair towards 1.7129(38.2%fib).
• Immediate support is seen at 1.6898 (23.6%fib ) and break below could take the pair towards 1.6860(Lower BB).
Recommendation: Good to around 1.6980, with stop loss of 1.7150 and target price of 1.6900.
