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InvestingScope

Sideways Trading. Short on Resistance.

Short
British Pound / Australian Dollar (FX:GBPAUD)  
InvestingScope  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud Forex britishpound australiandollar Currencies currency
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud forex britishpound australiandollar currencies currency
GBPAUD is on a noticeable sideways trade within a 4H Rectangle (RSI = 54.788, ATR = 0.0076) within roughly 1.7740 - 1.7955. The neutral 1D technicals (RSI = 53.884, ADX = 17.374, Highs/Lows = 0) should now start applying selling pressure, so the action is short, TP = 1.7770.
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