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Short

GBP/AUD breaks major support 2.078,targets 2

FX:GBPAUD   British Pound/Australian Dollar
273 0 8
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.
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