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Rockqet
Oct 13, 2021 10:50 AM

GBPAUD is on a bearish momentum! | 13 Oct 2021 Short

British Pound/Australian DollarFXCM

Description

Price is consolidating in a descending channel . We see a potential target entry at 1.85055 in line with 38.2% Fibonacci retracement and 100% Fibonacci projection and a pullback towards our Take Profit at 1.84425 in line with 127.2% Fibonacci retracement . Technical indicators are showing bearish momentum.

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