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FxWirePro: GBP/AUD consolidates in narrow range, good to buy at dips

GBP/AUD is trading in narrow range around 2.200 and 2.155 for the past two trading session. It is currently trading at 2. pair's minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370.…

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FxWirePro: GBP/AUD consolidates in narrow range, good to buy at dips
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  • GBP/AUD is trading in narrow range around 2.200 and 2.155 for the past two trading session.

  •  It is currently trading at 2. pair's minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370.

  • The pair's major support is around 2.139 and break below targets 2.100/2.0885

  • Overall bullish invalidation only below 2100 level.    

It is good to buy at dips around 2.140-45 SL around 2.100 for the TP of 2.2200

 

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