Looking at continuing with my bullish bias on GBPAUD. If price respects the resistance 1.80200 I would like to see it come back to the fibo level of 1.79700 before taking a long position.
Comment:
GBPAUD pushed down slightly more than I anticipated. However it regained a lot of ground giving a lot of bullish momentum towards 1.8000 I believe we we may see another pull back tonight during London. I will be looking for price to break 1.8000 tomorrow during New York. We will see how it plays out.