FX:GBPAUD   British Pound / Australian Dollar
66 0
We saw a strong monthly bullish close after the EMA crossover in March. We did test 1.8500 but rejected this area with a spike.

Last week a shooting star formed as a result of price pulling back after a bullish run. We were firmly supported by 1.8250 as a weekly area of resistance and I believe this week we will close stronger to the upside. EMAs are upward facing.

We opened up the week strong will a bullish close above our 8 EMA . This completed the formation of a morning star . Yesterday we tested the same EMA and rejected with long lower wick. EMAs are upward facing.

Price has pulled back into our preferred fib region and consolidated around the weekly area of 1.8250 as a good confluence. We have broken our CTL and EMAs have crossed to the upside for previous highs as targets.
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