Technicals

Add as a preferred source on Google

FxWirePro: GBP/AUD faces strong support around 2.155, good to buy at dips

GBP/AUD has recovered till 2.200 after making a low of 2.1160 on Thursday and is currently trading at 2.194. The pair's minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370. The pair…

1 min read
FxWirePro: GBP/AUD faces strong support around 2.155, good to buy at dips
Image from the original EconoTimes article

Read the original article

  • GBP/AUD has recovered till 2.200 after making a low of 2.1160 on Thursday and is currently trading at 2.194.

  • The pair's minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370.

  • The pair's minor support is around 2.155 (trend line joining 2.0870 and 2.110) and break below targets 2.139/2.100.

  • Overall bullish invalidation only below 2.1550 level.   

It is good to buy at dips around 2.180 with SL around 2.155 for the TP of 2.200/2.2200

 

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