FX:GBPAUD British Pound/Australian Dollar
The GBP/AUD has been in a trend since the end of August last year. Just recently the bears were able to pull price underneath the even handle 1.90000 and keeping in there for 2 weeks now. The next weekly support came in at around 1.87000 and for now it has absorbed the selling and rejected lower prices. But as long as we do not get a close above 1.91000 I will be looking to short this pair. Right now I see two good levels to sell from. The first comes in at 1.8880 and the second one at 1.9050.