FX:GBPAUD   British Pound / Australian Dollar
176 1 5
GBPAUD- Continuing the long run, the bulls are in control for a while yet with barely a whisper from the bears.
Anything can happen so keep an eye on this pair. Ranging time again ahead followed by further bullish momentum.
We have strong weekly and daily support. Hitting strong monthly resistance price levels right now so expect a small correction prior (hopefully) to a bullish continuation and a break of the 2.04750 level. I study and practice price action.
As a student of the forex trade my charts are only idea's so please don't base your trades on my work. Practice risk management always. Happy trading
Well it's been almost 20 days since posting this simple chart. With the craziness surrounding all markets. Most would have thrown their analysis out the window. So it's great to see a forecast so long ago make our first target.
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