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FxWirePro: GBP/AUD faces strong support near 2.140, good to buy at dips

GBP/AUD has made a high of 2.210 and declined from that level. It is currently trading at 2.187. 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 sup…

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FxWirePro: GBP/AUD faces strong support near 2.140, good to buy at dips
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  • GBP/AUD has made a high of 2.210 and declined from that level. It is currently trading at 2.187.

  • 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 2.165 with SL around 2.139 for the TP of 2.2370

 

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