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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 2.2108 and declined till 2.1650 from that level. It is currently trading at 2.1800 The pair's minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370. The pai…

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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 2.2108 and declined till 2.1650 from that level. It is currently trading at 2.1800

  • 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 2.139 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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