Thursday, October 15, 2026

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GBP/AUD trades near trend line support 2.1400, any break below targets 2.0870

GBP/AUD has retreated after making a high of 2.2370. Intraday trend is bearish as long as resistance 2.200 holds. Any break above 2.200 will extend gains till 2.2370/2.2740 in short term. The pair's minor support is arou…

By Lis Howell
1 min read
GBP/AUD trades near trend line support 2.1400, any break below targets 2.0870
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  • GBP/AUD has retreated after making a high of 2.2370. Intraday trend is bearish as long as resistance 2.200 holds.

  • Any break above 2.200 will extend gains till 2.2370/2.2740 in short term.

  • The pair's minor support is around 2.1400 (trend line joining 2.0870 and 2.110) and break below targets 2.100/2.0850.

  • Overall bearish invalidation only above 2.2380 level.       

It is good to sell on rallies around 2.165-170 with SL around 2.2300 for the TP of 2.100/2.0870

 

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By FxWirePro Team