FxWirePro: GBP/AUD edges lower, downside risk remains

• GBP/AUD fell on Tuesday as investors weighed concerns over rising oil prices against hopes for a resolution to the U.S.-Israel conflict.

• U.S. President Trump reported progress in talks, despite reports indicating additional American troops were being deployed to the Middle East...

• Rising oil prices have reignited inflation concerns and clouded central banks’ interest rate outlook, with the U.S. Federal Reserve signaling a hawkish stance, expecting just one rate cut in 2026.

·  Traders have stopped pricing in any rate cuts for this year, down from the two cuts previously expected before the Middle East conflict..

• Immediate resistance is located at 1.9185 (38.2%fib), any close above will push the pair towards 1.9267(Higher BB).

• Strong support is seen at 1.8956 (SMA 20 ), and break below could take the pair towards 1.8736(23.6%fib).

Recommendation: Good to sell on  around 1.9160 with stop loss of 1.9230 and target price of 1.9080