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FxWirePro: GBP/AUD breaks short term support 2.0850, good to sell on rallies

Monday, October 12, 2015 8:07 AM UTC

GBP/AUD has broken short term support 2.0850 and a decline till 2.050 is possible . It is currently trading at 2.0883.
The pair's minor resistance is around 2.100 and any break above would extend gains till 2.140/2.175.
The pair's major support is around 2.085 and break below targets 2.0500
Overall bearish invalidation only above 2.140 level.

It is good to sell on rallies around 2.110-120 SL around 2.140 for the TP of 2.0500

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FxWirePro: GBP/AUD breaks short term support 2.0850, good to sell on rallies

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