GBPAUD: Bearish Breakout & Bearish Continuation 🇬🇧🇦🇺

Short

British Pound / Australian Dollar (OANDA:GBPAUD)

Updated

OANDA:GBPAUD British Pound / Australian Dollar

Support and Resistance Supply and Demand Elliott Wave swing swingtrading swingtrade swingtrader swingsetup

supportandresistance supplyanddemand elliottwaves swing swingtrading swingtrade swingtrader swingsetup

snapshot

Bearish rally on GBPAUD continues.
The price is currently violating a major weekly demand cluster.
If this week's weekly candle closes below the underlined blue zone,
a breakout will be confirmed and a further decline will be expected.

Next support will be 1.69

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