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FxWirePro: GBP/AUD struggles to break above 2.100, good to sell on rallies

GBP/AUD has declined till 2.046 after making high of 2.09670 on Friday. It is currently trading at 2.0496. On the lower side minor support is around 2.050 and any break below targets 2.030/2. The pair's resistance is aro…

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FxWirePro: GBP/AUD struggles to break above 2.100, good to sell on rallies
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  • GBP/AUD has declined till 2.046 after making high of 2.09670 on Friday. It is currently trading at 2.0496.
     
  • On the lower side minor support is around 2.050 and any break below targets 2.030/2.
     
  • The pair's resistance is around 2.060 and break above will take the pair to next level 2.0950/2.125.
     
  • Overall bearish invalidation only above 2.125.

It is good to Sell on rallies around 2.070-75 with SL around 2.096 for the TP of 2

 

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