GBPAUD: Are you ready for all hell to break loose?

Failure inside the MA band (1) & extremely close to the 50% retracement (2), within a short-term downtrend (3), are all things that when put together indicate that this pair has a very good chance of diving from current levels. If you add that to what the daily chart says (posted 2 days ago), and you have a horrible situation in the making.

1.85 is not as far as it seems!

Good Trading & Good Luck!

Munther T. Marji CMT