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FxWirePro: GBP/AUD faces strong support around 2.160, good to buy at dips

GBP/AUD has broken minor resistance 2.1910 and jumped till 2.210. It is currently trading at 2.2065. 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…

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FxWirePro: GBP/AUD faces strong support around 2.160, good to buy at dips
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  • GBP/AUD has broken minor resistance 2.1910 and jumped till 2.210. It is currently trading at 2.2065.

  • 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 2.180 (trend line joining 2.1398 and 2.151) and break below targets 2.160/2.139.

  • Overall bullish invalidation only below 2.160 level.    

It is good to buy at dips around 2.180 with SL around 2.160 for the TP of 2.2370

 

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