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GBP/AUD breaks major support 2.050, decline till 2 is possible.

Thursday, December 3, 2015 12:30 PM UTC

GBP/AUD has broken major support 2.0500 and declined till 2.037. Overall trend is weak as long as resistance 2.080.
The pair's minor support is around 2.0350 and any break below 2.0350 will drag the pair further down till 2
Short term trend reversal can happen only above 2.080. Any break above 2.080 will take the pair till 2.120/2.150.
Overall trend reversal only above 2.120.

It is good to sell on rallies around 2.050-60 with SL around 2.080 for the TP 2.

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GBP/AUD breaks major support 2.050, decline till 2 is possible.

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