FxWirePro: GBP/AUD recovers slightly but outlook is still bearish

• GBP/AUD edged higher  on Friday as investors monitored the fragile U.S.-Iran truce, with uncertainty around its durability weighing on risk sentiment.

• Iran’s Foreign Minister Abbas Araqchi was expected in Islamabad on Friday, a previous venue for U.S. peace talks, raising hopes that negotiations may resume after collapsing earlier this week.

• Additionally, the Israel–Lebanon ceasefire was extended by three weeks after a high-level White House meeting, according to U.S. President Donald Trump...

• Oil prices were volatile as supply concerns offset optimism over potential U.S.–Iran peace talks.

• The Office for National Statistics (ONS) said the total volume of retail sales, which measures the quantity bought, rose by 0.7% in March.

• Immediate resistance is located at 1.9015 (SMA 20), any close above will push the pair towards 1.9157 (38.2%fib).

• Strong support is seen at 1.8773(Lower BB), and break below could take the pair towards 1.8684(23.6%fib).

Recommendation: Good to sell  on  around 1.8950 with stop loss of 1.9000 and target price of 1.8850