Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

GBP/AUD breaks major support 2.030, decline till 1.9800 is possible

Major support - 2.030 (Dec 3rd 2015 high) The pair has broken major support 2.030 which confirms short term weakness , decline till 1.9800 is possible. On the higher side major resistance is around 2.070 and break above …

By Lis Howell
1 min read
GBP/AUD breaks major support 2.030, decline till 1.9800 is possible
Image from the original EconoTimes article

Read the original article

  • Major support - 2.030 (Dec 3rd 2015 high)
     
  • The pair has broken major support 2.030 which confirms short  term weakness ,  decline till 1.9800 is possible.
     
  • On the higher side major resistance is around 2.070 and break above targets 2.095/2.1200 level.
     
  • Overall bearish invalidation only above 2.1250.

It is good to sell on rallies around 2.040 with SL around 2.075 for the TP of 2/1.9845

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team