FX:GBPAUD British Pound/Australian Dollar
79 and 127 confluence on two swings. Common 4H reached at that point. Bottom of channel. down to the level. Already bounced...like GBPJPY (and probably other GBP pairs), will base here. Chance to get in on smaller time frames, like a 79 retrace of an impulse move or other method. 38 % 50 retrace is FIGURE level for exit or short for trend continuation. PEACE.