GBPAUD: Bearish Reversal Confirmed
The GBPAUD currency pair formed a head and shoulders pattern on the 4-hour chart.
Following the release of today's economic data, the price quickly decreased and broke below the pattern's neckline.
This suggests that we may see more downward movement in the future. The next potential target levels are at 1.9413 and 1.9350.
Following the release of today's economic data, the price quickly decreased and broke below the pattern's neckline.
This suggests that we may see more downward movement in the future. The next potential target levels are at 1.9413 and 1.9350.
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