olly48

GBP/AUD Approaching Support

Long
FOREXCOM:GBPAUD   British Pound / Australian Dollar
Looking for this to turn higher at the current support level . Keep an eye on MACD and EMA's and possibly 1HR timeframe as well for the point that this holds up before turning higher. Its possible to slightly overshoot the blue line I have drawn in around 0.382 Fibonacci before turning.

Setting target at the previous high of 1.80100 for now. Need to see that resistance break before aiming higher.