Support & Resistance Chart.
Details on chart.
Clear break required of 39 and of 40 level. Otherwise risk to break below 32 and 30 will remain high. Break of 40 will KOOL down bears and bulls will rule for more high towards 45 and towards 51.
I was stopped out in my last position with 50 pips loss. And now buying again from dip to test 158.5 broken support.
This pair has often spoiled these setups.. but due to rebound in gbpusd.. I think we will get some boost in gbpaud too in coming sessions.
Details on chart.