From the Technical views:
1. From the weekly point of view, we can see the price is all the way down without a proper retracement, we can expect a deeper pullback to at least of the 32.8 FIB level if the lower timeframe will show some bullish signs.
2. From the daily perspectives, the price was created a double bottom and break above the bearish trendline with a new higher high, we can expect the price will move to the upside from this level.
From the Institutional's views:
1. Overall bearish bias on both GBP and AUD on the longer term of view, but keep in mind, in the short term's views, they are quite bullish on GBP and AUD. But the GBP is stronger than the AUD in the short-term. So we can expect the short term strength of the GBP drive the GBPAUD push to the upside.
How to approach GBPAUD?
1. Waiting for the daily timeframe create a clear higher high and waiting it retraces to at least 32.8 of the FIB level
2. After that, switch to the lower timeframe and look for the long opportunity.
3. Buy at the moment is not a good idea, because you will be missing out on your area of value.
The result might not follow my analysis, this analysis is based on TA and COT perspectives.
Comment down below let me know your view on GBPAUD
1. From the weekly point of view, we can see the price is all the way down without a proper retracement, we can expect a deeper pullback to at least of the 32.8 FIB level if the lower timeframe will show some bullish signs.
2. From the daily perspectives, the price was created a double bottom and break above the bearish trendline with a new higher high, we can expect the price will move to the upside from this level.
From the Institutional's views:
1. Overall bearish bias on both GBP and AUD on the longer term of view, but keep in mind, in the short term's views, they are quite bullish on GBP and AUD. But the GBP is stronger than the AUD in the short-term. So we can expect the short term strength of the GBP drive the GBPAUD push to the upside.
How to approach GBPAUD?
1. Waiting for the daily timeframe create a clear higher high and waiting it retraces to at least 32.8 of the FIB level
2. After that, switch to the lower timeframe and look for the long opportunity.
3. Buy at the moment is not a good idea, because you will be missing out on your area of value.
The result might not follow my analysis, this analysis is based on TA and COT perspectives.
Comment down below let me know your view on GBPAUD
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