TraderChamp-Pro

GBPAUD Breakout and Pullback. Bearish trend continuation ahead

Short
OANDA:GBPAUD   British Pound / Australian Dollar
GBPAUD has recently confirmed a bearish breakout on the highlighted support level. Although there has been a pullback towards the support, the overall trend remains bearish. As such, we can anticipate further downside movement towards the previously established lows around the 1.83 to 1.82 range. Traders should continue monitoring the price action for further confirmation of the bearish trend continuation. It's important to stay updated with the latest market developments as conditions may change.





Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.