GBP/AUD: Short Idea for GBPAUD till 1.8750 price level!!!!

Very interesting movement seen from GBPAUD!!! We can see GBPAUD uptrend trend line being broken and tested 1.9750 resistance line but failed to breakthrough (Possible Trend Reversal). After which, we see a strong bearish movement downwards which is exactly what we hope to see. I have used Ichimoku Cloud now to analyse this movement and we could definitely see its a strong BEARISH signal for GBPAUD. So what are we expecting from GBPAUD??? For now, we can see GBPAUD have returned to its old trend line which I doubt will go straight to the old trend line support level (Bold Lines). We can potentially see bearish till 1.8750+ level and may see a retracement which I will update again if happens. If not, GBPAUD will continue its journey to the South. Entry level should be determine well before entering this trade.

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