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GBPAUD approaching major resistance, prepare for a strong reacti

Short
British Pound / Australian Dollar (FX:GBPAUD)  
Tickmill Broker  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud gbpaudshort gbpaudlong gbpaudtrade gbpaudpattern gbpaudsell forexsignals
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudshort gbpaudlong gbpaudtrade gbpaudpattern gbpaudsell forexsignals
GBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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