• GBP/AUD dipped on Wednesday as investors remained short as market awaited Thursday's Banak of England’s meeting.
• At GMT 17:30, the pair was trading down 0.11 percent at 1.8436 after reaching daily low at 1.8398.
•If the BoE outlook is seen as too cautious at Thursday's meeting, GBP/AUD is likely to test 1.8300 level.
• Immediate resistance is located at 1.8490 (Higher BB), any close above will push the pair towards 1.8530 (23.6%fib).
• Immediate support is seen at 1.8409(38.2%fib ) and break below could take the pair towards 1.8348 (Lower BB).
Recommendation: Good to sell around 1.8430, with stop loss of 1.8530 and target price of 1.8320.