GBPAUD Wait For Breakout

As you see in the chart, price has been rejected after retesting the red resistance area and is being pushing to the downside.

On the other hand, there is a sideways zone in which price is still bouncing. We have a support zone around 1.79400 which is the last low of price.

Since we are in a downtrend, we should wait for the downside breakout on sideway zone and on the support level, then in the case of a bearish candle closure below the support level, we can expect a drop on GBPAUD.