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pantheo
Mar 18, 2014 6:00 PM

GBPAUD about to correct? 

British Pound/Australian DollarFXCM

Description

After price stopped at 382 Fib of 2008 highs to 2013 lows, now attempting to break the intermediate uptrending line. A close below 1.8050, which the last inflection area and 1,80 area ( 8 bars to the left) will confirm the break. Price is <MA20 while Daily presents a H&S top.

A neckline penetration in Daily IH&S of AUDUSD will help this break down too.
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