Widening Wedge & 1.78000 breakout-based LONG

FX:GBPAUD   British Pound / Australian Dollar
Previous support at around 1.83000 formed in April is likely to be this pair's next resistance, but the LONG bias will only be valid if we break 1.78000 and maintain price above this level. Around the 1.783000 level, the ichimoku cloud will hopefully act act as some resistance together with the 50% and 61.8% Fibonacci retracement levels.

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