The secondary trend of GBP/AUD
on charts and price is sustaining above the trend line
after breakout in its hourly chart. In hourly chart the price is sustaining below 200 day SMA
and taking support of 50 day SMA
indicating uptrend of the pair.
2.1045 and support level
If it breaks its resistance level
on the upside and sustains above it then we can expect it to show further bullish
movement in the pair.
is sustaining in its buying zone indicating the upcoming bullish trend
in the pair.
STRATEGY: One can go for sell on higher level strategy for this pair for intra day to mid term positions.