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FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level

• GBP/AUD dipped on Thursday as improving risk sentiment, driven by easing geopolitical tensions, supported demand for riskier assets.

•    Risk tone improved after Israeli Prime Minister Benjamin Netanyahu ordered the start of peace talks with Lebanon and discussions about Hezbollah disarmament, even as fighting continued.

• Netanyahu's announcement follows Israel's biggest strike of the war in Lebanon and multiple officials advocating for a temporary ceasefire to allow for broader talks. .

·  Iran's President Masoud Pezeshkian said that Israeli strikes on Lebanon violate the ceasefire agreement and would render upcoming negotiations meaningless.

· EU diplomat Kaja Kallas said the U.S.–Iran ceasefire should be extended to Lebanon and called for Hezbollah to disarm..

• Immediate resistance is located at 1.9040 (38.2%fib), any close above will push the pair towards 1.9092(SMA 20).

• Strong support is seen at 1.8786 (Lower BB), and break below could take the pair towards 1.8711(23.6%fib).

Recommendation: Good to sell on  around 1.8970 with stop loss of 1.9100 and target price of 1.8900

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