FX_IDC:GBPAUD POUND STERLING / AUSTRALIAN DOLLAR
GBPAUD Daily Perspective. From my previous analysis i initially conducted an ABCD from the last swing to the downside which played out well but did not quite reach -0.27 fibonacci. We have retraced back into this . The highlighted yellow box is 61.8 Fib on a inverted fibonacci. The weekly candle has ended very almost creating a three strike. Would like to see how react at this and see whether we break to the upside or continue down in this slope towards the weekly . Very interesting pair, i am favouring the downside targets on this one.