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FxWirePro: GBP/AUD recovers after making a low of 2.115, good to sell on rallies

  • GBP/AUD has broken short term support 2.140 and declined till 2.1150. It is currently trading at 2.1214.

  • The pair's minor resistance is around 2.1410 and any break above would extend gains till 2.1685/2.200.

  • The pair's major support is around 2.110 and break below targets 2.100/2.0885

  • Overall bearish invalidation only above 2.200 level.    

It is good to sell on rallies around 2.140-45 SL around 2.185 for the TP of 2.100/2.0880

 

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