FX:GBPAUD   British Pound / Australian Dollar
The price has rejected off the support 1.78 twice. However the selling pressure has been building up as the pair failed to push higher. Currently the pair is consolidation between 1.78 -1.785 region. A clear break & retest of 1.78 is needed to confirm the formation of the double top . The downside target 1.76 and 1.74 at the swing low.
Bias
Long-term: Short
Short-term: Neutral

Comments

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