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GBP/AUD breaks trend line resistance around 2.185, jump till 2.2200 is possible

GBP/AUD has broken short term trend line resistance around2.1850 (trend line joining 2.2103 and 2.1866) and a jump till 2.200/2.2200 cannot be ruled out The pair's minor resistance is around 2.200 and any break above wou…

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GBP/AUD breaks trend line resistance around 2.185, jump till 2.2200 is possible
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  • GBP/AUD has broken short term trend line resistance around2.1850 (trend line joining 2.2103 and 2.1866) and a jump till 2.200/2.2200 cannot be ruled out

  • 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. The minor support is around 2.160.

  • Overall bullish invalidation only below 2100 level. 

It is good to buy around 2.1850 with SL around 2.160 for the TP of 2.2200

 

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