Hi guys, the GBPAUD is very bearish long term. I've been waiting for a decent reason to jump in short again and this is it (at least for me). If support fails, I'll go short again. The last GA trade made close to 200 pips.
My setup if it happens: sell after the break below support, place my stop above the last swing high and my target will be down near the last swing low @ 1.6050ish.