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ICmarkets
Aug 10, 2018 2:23 AM

GBPAUD Approaching Support, Potential Bounce! Long

GBP/AUDOANDA

Description

GBPAUD is approaching its support at 1.7274 (61.8% Fibonacci extension 50% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce up to its resistance at 1.7571 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.712% where a corresponding bounce could occur.
Comments
OlabanjiBabalola
how does the 3bar up on daily affect your analysis, I'm thinking a 50 fib retracement of weekly pin bar and a bullish run
cheruna
Hi good sir, many people from where I am from, Russia, would love to have you coach us. Do you provide coaching?
marionmcalister989
Always love your analysis, thanks ICmarkets!
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