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YGForex

GBPAUD Moving Sideways...Retesting Resistance Level!!!

Short
British Pound / Australian Dollar (FX:GBPAUD)  
YGForex  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Technical Indicators Chart Patterns GBPAUD gbpaudshort gbpaudtrade gbpaudanalysis
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trendanalysis indicator chartpattern gbpaud gbpaudshort gbpaudtrade gbpaudanalysis
GBPAUD has yet to show us any breakout strength. I am expecting price to retest 1.7964 resistance level and clean rejection there will give us a great short opportunity. As we can see, GBPAUD has been consolidating within this support and resistance level for sometime. If price breaks below my moving average lines, we can expect a great BEARISH movement to the downside. With that, I will be eyeing the support level @1.7560.

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