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Salzworth
Oct 15, 2021 9:28 AM

Outlook on GBPAUD: Pullback presents an opportunity to sell Short

British Pound / Australian DollarFOREX.com

Description

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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