Technicals

Add as a preferred source on Google

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

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 w…

1 min read
FxWirePro: GBP/AUD faces strong resistance around 2.1000, good to sell on rallies
Image from the original EconoTimes article

Read the original article

  • 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

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560