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Long

GBP/AUD faces strong resistance around 2.144,good to buy at dips

FX:GBPAUD   British Pound/Australian Dollar
147 0 3
GBP/AUD             has made a high of 2.14417 (29th Jul) and declined till 2.12944 (29th Jul low).It has formed a temporary bottom around 2. 1290             and any further weakness can be seen only below that level.

Any break below 2. 1290             will drag the pair further down till 2.1230/2.120 in short term.

The pair’s minor supports are 2.1365/2.1330.

On the higher side major resistance is at 2.1440 and any indicative break above would target 2.1500/2.1550.

It is good to buy at dips around 2.1380 with SL around 2.1300 for the TP of 2.1500/2.1550.
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