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hprotein
Jul 17, 2016 6:28 AM

GBPAUD looking more bearish  

British Pound/Australian DollarFXCM

Description

following the idea before, GBPAUD is showing weak rebounce. Touching back into the previous central region (4-hour level) seems to be unlikely. In fact, it's not even close to the lower bounds of the nearest 5-min level central region at 1.794

Currently formed a new 15-min level central region (1.7519 and 1.7181).

Viewing from bigger scale. there is yet any sign of the end of downwards movement for the 1-hour level trend(yellow line in the graph)
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