GBPAUD: Bearish Reversal Confirmed
The GBPAUD currency pair has developed a head and shoulders pattern on the 4-hour chart.
After today's economic data release, the price fell sharply and broke through the neckline of the pattern.
This indicates a likelihood of further declines ahead. The next potential support levels to watch are 1.9413 and 1.9350.
After today's economic data release, the price fell sharply and broke through the neckline of the pattern.
This indicates a likelihood of further declines ahead. The next potential support levels to watch are 1.9413 and 1.9350.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.