- GBP/AUD has made a high of 2.2108 and declined till 2.1500 from that level. It is currently trading at 2.170
- The pair’s minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370.
- The pair’s major support is around 2.139 and break below targets 2.100/2.0885
- Overall bearish invalidation only above 2.2100 level.
It is good to sell on rallies around 2.180 SL around 2.212 for the TP of 2.1000
The material has been provided by InstaForex Company – www.instaforex.com