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Salzworth

Outlook on GBPAUD: Pullback presents an opportunity to sell

Short
British Pound / Australian Dollar (FOREXCOM:GBPAUD)  
Salzworth  
FOREXCOM:GBPAUD   British Pound / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud gbpaudlong gbpaudshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudlong gbpaudshort forex forextrading forexsignals
Prices are facing bearish pressure from the resistance zone at 1.8600 which lines up with the 50% fibonacci retracement and descending trend line. A pullback to test this resistance area presents an opportunity to play the drop to the next support target at 1.8420 support area. Ichimoku cloud is showing signs of bearish pressure as well.
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