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GBPAUD Bounced Off Support, Potential For A Further Rise

Long
British Pound / Australian Dollar (OANDA:GBPAUD)  
ICmarkets Broker  
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud gbpaudlong EUR jpy USD
63
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudlong eur jpy usd
GBPAUD bounced nicely off its support at 1.8011 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.8099 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is bounced off its support at 4.9% where a corresponding rise could occur.
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