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- GBP/AUD has retreated till 2.0700 after better than expected Aus jobs data. It is currently trading at 2.08200
- The official unemployment rate of Australia dropped to 5.8% lowest point in more than 18 months.
- The pair's minor support is around 2.070 and any break below will drag the pair further down till 2.050/2.035.
- Short term trend reversal can happen only above 2.120. Any break above 2.120 will take the pair till 2.150/2.175.
It is good to sell on rallies around 2.090 with SL around 2.120 for the TP 2.
