Week 19n20 GBPAUD
May 12th- Short-term in View G/A looking weak technically and weak data ( though the June data is more Important than the latest set) , a short towards 1.7400 from 1.7483 might be playable, although a bouncy movement within the white box may be expected.
In the Longer term view for week 20 , looking at a drop towards the 1.70705 area if it can Closed below 1.7377 on a H4 TF.
It has risen from the area of 1.6489 (April 14) hitting a high of 1.76516 (May 09), a corrective moves should be in-coming towards June Uk election and the post OPEC meet on the 28 MAY.
In the Longer term view for week 20 , looking at a drop towards the 1.70705 area if it can Closed below 1.7377 on a H4 TF.
It has risen from the area of 1.6489 (April 14) hitting a high of 1.76516 (May 09), a corrective moves should be in-coming towards June Uk election and the post OPEC meet on the 28 MAY.
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.