GBPAUD is testing the support of the previous Oct 30 pivot high with sharper down moves occurring which could indicate a topping out of the previous move.
Whether the pivot level becomes support or resistance will likely be revealed soon.
GBP news is approaching so may act as a trigger for a large move if the market doesn't preempt it's direction beforehand.
Whether the pivot level becomes support or resistance will likely be revealed soon.
GBP news is approaching so may act as a trigger for a large move if the market doesn't preempt it's direction beforehand.
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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.