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- 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
