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FTUKcom

GBP/AUD falling with strong downside momentum...

Short
British Pound / Australian Dollar (FX:GBPAUD)  
FTUKcom  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Fibonacci GBPAUD pound aussie GBP aud short Bearish Patterns pips profits
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trendanalysis chartpattern fibonacci gbpaud pound aussie gbp aud short bearish pips profits
The last time we broke down GBP/AUD was when it was trending north on the daily. Since then we have taken a huge plummet driving the trends down and prices back below 1.8000.

1.7500 looks like a comfortable 100+ pip landing spot with more potential for heavy downside movements.

As of right now there is very little upside opportunity and we would advise traders not to try and pick a bottom.

We will provide an update over the coming weeks to see how this pair plays out.
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