- GBP/AUD has made multi year highs and is likely to go up further, good to buy at declines.
- On the higher side it has broken 2.127 and further jump till 2.1417/2.1508 (161.8% retracement of 2.1270 and 2.0885) cannot be ruled out .
- Bullish invalidation only below 2.1000.
- The pair’s minor support is around 2.116 and break below will drag the pair further down till 2.110/2.1050/2.100.
It is good to buy at dips around 2.120 with SL around 2.115 for TP of 2.140/2.1505.
The material has been provided by InstaForex Company – www.instaforex.com