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• GBP/ AUD eased towards 1.9215 on Monday as investors turned cautious ahead of the Bank of England's policy announcement on Thursday.
• The consensus in markets is that one or two of the monetary policy committee's hawks will stop voting for rate hikes at their meeting on Thursday.
• Pair traded in a 1.9270 /1.9367 range and was last trading at down at 1.9214 in late US session.
• Technicals lean bearish as RSI, daily momentum studies 5 and 9 DMAs are trending down.
• Immediate resistance is located at 1.9270 (38.2%fib), any close above will push the pair towards 1.9356 (Jan 25th high).
• Strong support is seen at 1.9207 (Daily low) and break below could take the pair towards 1.9154 (38.23.6%fib)
Recommendation: Good to sell around 1.9220 with stop loss of 1.9380 and target price of 1.9140
