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FxWirePro: GBP/AUD struggles to close above 2.200, good to sell on rallies

  • GBP/AUD has made a high of 2.2108 and declined till 2.1350 from that level. It is currently trading at 2.152

  • The pair's minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370.

  • The pair's major support is around 2.139 and break below targets 2.100/2.0885

  • Overall bearish invalidation only above 2.2100 level.     

It is good to sell on rallies around 2.180 SL around 2.212 for the TP of 2.1000

 

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