GBP/AUD from 1.7386 close, to cross higher 1.7416 must break and reaches this destination by 1.7397, 1.7411. Above 1.7416 targets 1.7444, 1.7470 and 1.7497 The ultimate break for GBP/AUD is 1.7547. Then far higher. For now, any price below 1.7547 is an overall short.
GBP/AUD sits on a solid base at 1.7275 and 1.7247. Bottom for next few hours is 1.7299 and big break to see bottoms is 1.7337 and 1.7306.
Upper target if we catch a dive under or at 1.7306 is target 1.7337. The perfect entry would be 1.7275 to target back to 1.7337 with a must break of 1.7306.
Brian Twomey, Inside the Currency Market, btwomey.com