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- Major support -2.078 (Oct 12th low)
- GBP/AUD has broken major support 2.0780 and confirms major trend reversal , a decline till 2.0500 (200 day MA)/2 is possible .
- Short term trend reversal can happen only above 2.120. Any break above 2.120 will take the pair till 2.150/2.175.
- Overall trend reversal only above 2.1750.
It is good to sell on rallies around 2.080-85 with SL around 2.120 for the TP of 2.050/2.
Resistrance
R1-2.120
R2-2.150
R3-2.175
Support
S1- 2.0500
S2-2
S3-1.9800
