GBP/AUD: Possible breakout and pullback pattern

The Pound falls versus the Australian Dollar for today and breaks below the 200 period exponential moving average on the one hour chart (blue line) around the 2.0990 level. On the same one hour chart of the GBP/AUD we can see how the 2.0990 level acted as a good support in the past from where the price bounced to the upside. Now that the price has broken below that level, it is trying to pullback to the same moving average, which could become a good resistance for the pair. It is possible for the price to go back to its bearish trend after the pullback and continue dropping. The 2.0886 level may act as an initial support if there is a continuation to the downside.