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FxWirePro: GBP/AUD faces strong resistance around 2.140, good to sell on rallies

GBP/AUD has broken minor resistance 2.100 and jumped till 2.130. It is currently trading at 2.1139. The pair's major resistance is around 2.1400 and any break above would extend gains till 2.160/2.175. The pair's major s…

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FxWirePro: GBP/AUD faces strong resistance around 2.140, good to sell on rallies
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GBP/AUD has broken minor resistance 2.100 and  jumped  till 2.130. It is currently trading at 2.1139.
 

  • The pair's major resistance is around 2.1400 and any break above would extend gains till 2.160/2.175.
     
  • The pair's major support is around 2.080 and break below targets 2.0500
     
  • Further weakness only below 2.080.

It is good to sell on rallies around 2.125-30 with SL around 2.160 for the TP of 2.080/2.050

 

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