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Potential Reversal Zone (PRZ) - 2.2000
- GBP/AUD has made a high of 2.1550 and retreated from that level. Overall trend is still weak as long as resistance 2.200 holds.
- The pair's major resistance is around 2.1550 and any break above would extend gains till 2.175/2.200.
- The pair's major support is around 2.110 and break below targets 2.080/2.0500
- Further weakness only below 2.080.
It is good to sell on rallies around 2.175 with SL around 2.200 for the TP of 2.110/2.080
