GBP/AUD possible 140 pips...

GBP/AUD seems mainly dependent on chart support below 1.8000 as February 5’s circa low is the only level offering cover into the Fib retracements under the half round number. Further Upside is now anticipated over the remain days of the week. Antipodeans deriving some traction from a rebound in APAC bond yields, but the latter losing more of its recent bullish momentum to suggest that Japanese buyers may have completed the bulk of their hedging and positioning for the turn of the month.