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FxWirePro
Aug 21, 2015 8:03 AM

GBPAUD forms triple top around 2.1530, break above targets 2.190 Long

British Pound/Australian DollarFXCM

Description

GBP/AUD has once again made a high of 2.15271 and is trading at 2.1480 level. It has formed almost a triple top around 2.1527 and any break above would extend gains till 2.1933 (161.8% retracement of 2.1527 and 2.0870).

On the downside minor support is around 2.140 and break below targets 2.1350/2.130.

Short term weakness only below 2.1200.

It is good to buy above 2.153 with SL around 2.140 for the TP of 2.1900
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