"GBP/AUD BREAKING LOWER " by trader SamKent — published December 30, 2014

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British Pound / Australian Dollar (FX:GBPAUD)

FX:GBPAUD British Pound / Australian Dollar

The GBP/AUD has broken down from a wedge pattern which formed on the 4H chart. We're currently bearish on the pair, and looking for a break of the 1.89900 support, which will then become our short entry level as a breakout-pullback play.

agree on this one.

GBP is due to correction.

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