GBP/AUD Trade idea

• Major support -2.078 (Oct 12th low)
   
• GBP/AUD has broken major support 2.0780 and confirms major trend reversal , a decline till 2.0500 (200 day MA)/2 is possible .
   
• Short term trend reversal can happen only above 2.120. Any break above 2.120 will take the pair till 2.150/2.175.
   
• Overall trend reversal only above 2.1750.

It is good to sell on rallies around 2.080-85 with SL around 2.120 for the TP of 2.050/2.

Resistrance

R1-2.120

R2-2.150

R3-2.175

Support

S1- 2.0500

S2-2

S3-1.9800