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DeGRAM
Apr 1, 2024 2:28 PM

DeGRAM | GBPAUD bearish takeover from resistance Short

British Pound/Australian DollarFXCM

Description

GBPAUD did not hold the psychological level at 1.94000 after reaching it, after which a bearish takeover followed.

The price reached the support level, which it repeatedly failed to overcome.

As the chart continues to maintain a bearish structure, we expect that the asset will again try to test its psychological level, after which a pullback will follow.


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Trade closed: target reached

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