Gbpaudsetup
GBPAUD - LETS GO LONGPrice broke through support only to retrace back to it and is testing the 50.0 Fibo level
There is a lot of divergence on the lower timeframes confirming a possible change in trend, I suspect that price will consolidate for a bit only to bounce off towards the next level of resistance
GBP/AUD Technical Analysis.Currently, GBP/AUD is trading at 1.7977. The pair may start a new down trend if it breaks the neck line at 1.7825. Previously, the pair was trading in a down trend and after touching support level started consolidating in the resistance and support levels. The pair may start a new down trend if it breaks the neckline, then its first target price will be at 1.7650 and second target price will be at 1.7474.
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GBPAUD BUY SETUPHello Traders!
Welcome to another analysis of GBPAUD.
Price is showing some rejection at the current support level. There is a demand area there Signalling a possibility of a long setup for the bulls in the market.
Market-BUY: 1.82200
Stop-Loss: 1.81500
Target: 1.85400
Stop-Loss: 70 pips
Risk: 1%
Risk-Reward: 4.57
What do you think?
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GBP/AUD Technical Analysis.Currently, GBP/AUD is trading at 1.8206. The pair is in down trend from 6th April and now consolidating in the wedges. The pair may start a new up trend it breaks the resistance level at 1.8344, then its first target will be at 1.8768 and second target will be at 1.9030.
Do follow us for future Forex trend analysis.
Thank you,
Rishikesh Lilawat