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GBP/AUD breaks minor trend line resistance 2.045, targets 2.125

Major trend line resistance - 2.045 (trend line joining 2.1269 and 2.09682) The pair has broken major trend line resistance 2.045 and jumped till 2.0540. It is currently trading around 2.4260. Short term trend is still b…

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GBP/AUD breaks minor trend line resistance 2.045, targets 2.125
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  • Major trend line resistance - 2.045 (trend line joining 2.1269 and 2.09682)
     
  • The pair has broken major trend line resistance 2.045 and jumped till 2.0540. It is currently trading around 2.4260.
     
  • Short term trend is still bullish as long as support 2 holds.
     
  • Any break below 2 will drag the pair till 1.980/1.9600.
     
  • On the higher side resistance is around 2.070 and break above targets  2.095/2.125 level.

It is good to buy at dips around 2.035-2.040 with SL around 2 for the TP of 2.095/2.1250.

 

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