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• GBP/AUD eased slightly on Wednesday as investors booked profits ahead of long weekend .
• The Bank of England meets next week, with markets currently seeing about a 50/50 chance of a rate cut.
• Thee Bank of England's first interest rate cut since 2020 hangs in the balance next week after recent higher-than-expected British services prices data.
• Pair traded in 1.9584/1.9750 range and was last trading at 1.9652 in late US afternoon session.
• Immediate resistance is located at 1.9714( 23.6%fib), any close above will push the pair towards 1.9768 (Higher BB )
• Strong support is seen at 1.9560(38.2%fib ) and break below could take the pair towards 1.9448 (50%fib).
Recommendation: Good to buy around 1.9650, with stop loss of 1.9550 and target price of 1.9700
