GBPAUD upside retracement. Retracement/ Reversal

FX:GBPAUD   British Pound / Australian Dollar
The daily momemtum on GBPAUD is still currently bearish at the moment and a new lower low has just been formed on the daily. I plotted a fibnocci on the daily time frame from the relative high to the relative low and i can see that price will most likely retrace to the upside.

Also, on the 1 H time frame, we can see clearly that a double buttom has been formed and price has broken above the neckline and is now retesting to go higher. There are lot of uncertainties surrounding GBP as regard the Brexit Deal so this retracement can possibly turn into a reversal. What i envision for GBPAUD , is a retracement to the upside to 1.7800.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out