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FxWirePro: GBP/AUD faces strong resistance around 2.1000, good to sell on rallies

Monday, February 8, 2016 12:19 PM UTC

Major resistance - 2.0590 (trend line joining 2.0970 and 2.090)
The pair has jumped till 2.05250 and started to retreat from that level. It is currently trading around 2.03500.
On the higher side any break above 2.0600 will take the pair till 2.097/2.1250.
The minor support is around 2.0350 and break below will drag the pair till 2/1.9800.
Overall bearish invalidation only above 2.1000.

It is good to sell on rallies around 2.0600 with SL around 2.1000 for the TP of 2/1.9800

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FxWirePro: GBP/AUD faces strong resistance around 2.1000, good to sell on rallies

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