- GBP/AUD has broken short term support 2.140 which confirms short term weakness, a decline till 2.088 cannot be ruled out. It is currently trading at 1.2140.
- The pair’s minor resistance is around 2.1630 and any break above would extend gains till 2.185/2.200.
- The pair’s major support is around 2.139 and break below targets 2.100/2.0885
- Overall bearish invalidation only above 2.200 level.
It is good to sell on rallies around 2.165-70 SL around 2.200 for the TP of 2.100/2.0880
The material has been provided by InstaForex Company – www.instaforex.com