- 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
The material has been provided by InstaForex Company – www.instaforex.com