Travis_duncz

AUSSUIE STRENGTH TO MELT GBP - GBPAUD

Short
OANDA:GBPAUD   British Pound / Australian Dollar
Good evening from the UK. Unlike other GBP pairs we have saw minimal price action movement from this pair in the last 24 hours. With this pair being a major currency pair a lot of liquidity is set to be pushed into the market, but in what direction. Looking into my analysis I found a strong monthly key level of 1.84000 that the pair is reluctant to break above going into the start of this week with an indecisive close to the previous week. After heavy bullish momentum post brexit, what goes up must come down. With another dogi daily closure retesting the monthly key level (Blue horizontal line) we can potentially see the buyers exiting the market on a intraday short term basis. With a daily key level of 1.81700 (purple dynamic area) we could see a opportunity of 200 pips to the downside. I strongly feel this area is to be tested before going any further to the upside. Not to mention baring in mind Major brexit talks on accepting or reject Plan B. There will definitely be momentum in tomorrows market with potential economic manipulation
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