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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'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

 

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