Gbpaudtrade
GBPAUD potential bounce!
GBPAUD expected to reverse up to 1st support at 1.94968 where it could potentially react and bounce to its resistance at 1st resistance at 1.95581.
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GbpAud- confirmed 700 pips targetFrom the mid of December, GbpAud is trading in a rising wedge pattern.
Yesterday the pair has closed the session under the rising support line, confirming the change of medium-term trend and a potential 700 pips target.
First important support comes into place at 1.92 zone.