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FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
- GBP/USD has recovered sharply after showing a minor decline e below 61.8% fibo. The pair has declined till 1.28315 and is currently trading around 1.29142.
- On the higher side, 1.2978 (21- day EMA) will be acting major resistance and any convincing break above will take the pair slightly till 1.3050/1.3082/1.3105 (61.8% retracement of 1.32680 and 1.28315). The minor resistance is around 1.2945.
- The near term support is around 1.28110 (Jul 12th low) and any break below will drag the pair till 1.27763 (38.2% fibo)/1.27000.
It is good to buy on dips around 1.2860-1.2865 for the TP of 1.2810 for the TP of 1.2975/1.3000.
