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- GBP/AUD has made low of 2.110 and recovered from that level. Short term trend is still bullish as long as support 2.120 holds.
- It is facing strong resistance 2.1527 and any further bullishness only above 2.1530 level. Any break above 2.1527 would extend gains till 2.1778/2.1933.
- The pair's minor resistance are 2.14650/2.1530.
- On the lower side minor support is around 2.1360/2.130/2.1200 and break below will drag the pair further down till 2.100/2.088.
- Bullish invalidation only below 2.100.
It is good to buy at dips around 2.1300 with SL around 2.1200 for the TP of 2.1527
