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Zimptrades
Jun 12, 2021 3:54 PM

GBPAUD Long Next Week Long

British Pound/Australian DollarFXCM

Description

Price has consolidated for a little after last week's drop. Just before closing, price has broke structure and created higher lows, and higher highs as indicated by the new grey trend lines. Fibonacci trend retracement also shows that the small retracement is approaching the .5 golden zone. What many people thought to be a downward spiral to 1.81 may turn out to be a push back to 1.84
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