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GBP/AUD has made a low of 2.1130and recovered from that level. Overall trend is still weak as long as resistance 2.175 holds.
- Pound sterling is expected to trade weaker as BOE to remain hold for some time awaits UK jobs data which his released on Wednesday for further direction.
- The break of major resistance 2.1750 will take the pair till 2.20/2.2220
- On the downside majro support is around 2.0800 and break below will take the pair further down till 2.050/2.
It is good to sell on rallies around 2.135-40 with SL around 2.175 for the TP of 2.100/2.080
