ANALYSIS: GBPAUD BREAK OR BOUNCE?
GBPAUD remains in consolidation at the key resistance zone. With price
heading towards the lows of the consolidation at 1.8270 and if price breaks and closes
below we could expect further downside from the market.
If the market respects the lows we should see the market head back towards the resistance
highs. With AUD strength looking more and more likely we do expect GBPAUD to break lower.
heading towards the lows of the consolidation at 1.8270 and if price breaks and closes
below we could expect further downside from the market.
If the market respects the lows we should see the market head back towards the resistance
highs. With AUD strength looking more and more likely we do expect GBPAUD to break lower.
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