Last Monday GBPAUD reached a local minimum creating the a double bottom with near August lows. Support at 2.0860 were slightly exceeded after that the price dynamically directed upwards. The current level is a fibo 38.2% of last downward move. Rebound should reach at least the next resistance at 2.1410-50, which is supported by fibo 50%.
In the following days, we may see the next downward move. Although GBPAUD extends in an uptrend since early 2013, it is already very close to uptrend line test (red line on the chart). It might be the target for bears. The nearest support for the interval D1: 2.0860, 2.0520, 2.0230. Resistances: 2.1410, 2.1870, 2.2100, 2.2400.
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