FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800

• GBP/AUD edged higher but gains were limited   as    standoff between Iran and the United States escalated tensions in the Middle East and dashed hopes for a peace deal.

• Iran demonstrated its control over the Strait of Hormuz on Thursday with video of its commandos storming a huge cargo ship, after the collapse of peace talks that Washington had hoped would open the world's most important shipping corridor.

•The war, launched by the U.S. and Israel on February 28, has been paused since a ceasefire on April 8 but Israel warned on Thursday that it was ready to restart attacks.

•On the economic front, The UK Manufacturing PMI jumped to 53.6 in April 2026 from 51.0 in March, exceeding expectations of 49.9 and marking the strongest expansion since May 2022..

• Immediate resistance is located at 1.8945 (38.2%fib), any close above will push the pair towards 1.9025(SMA 20).

• Strong support is seen at 1.8754(Lower BB), and break below could take the pair towards 1.8705(23.6%fib).

Recommendation: Good to sell  on  around 1.8950 with stop loss of 1.9000 and target price of 1.8800