Gbpaud Trade Idea

  • Major support – 2.030 (Dec 3rd 2015 high)
  • The pair has broken major support 2.030 which confirms short  term weakness ,  decline till 1.9800 is possible.
  • On the higher side major resistance is around 2.070 and break above targets 2.095/2.1200 level.
  • Overall bearish invalidation only above 2.1250.

It is good to sell on rallies around 2.040 with SL around 2.075 for the TP of 2/1.9845

R1-2.070

 R2-2.095

R3-2.125

Support

S1-2.030

S2-2

S3- 1.9800

The material has been provided by InstaForex Company – www.instaforex.com

Tags: