GBP/AUD breaks major support 2.078,targets 2
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.
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.