fxspott

GBP/AUD Forecast: Short

Short
FX:GBPAUD   British Pound / Australian Dollar
Here is an analysis on GBP/AUD

Currently @ 1.80100
Bearish Harmonic on the 4H chart suggests possible downtrend on the pair
The pair has to break above resistance @ 1.81 to turn bullish
We expect the pair to fall back to the 1.79 level and test support @ 1.79

OUR POSITIONS:

Buy Stop @: 1.81200
Buy Stop TP @: 1.81700
Sell Stop @: 1.79900
Sell Stop TP @: 1.79500

Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.