Bullish idea or GBPAUD. Price found resistance at .9200 level after breaking through our support at .8980 Currently price has shown strong bearish momentum, and is sitting around the 61.8 fib retracement level. If price respects the 61.8 and shows buying pressure we can begin looking for long positions.
However if price does not respect our 61.8 level we can continue looking for sells until our next support level at 8761.
Chart analysis is color coded: Black levels- daily time frame Blue levels- 4HR time frame Red levels- 1HR & below