FX:GBPAUD   British Pound / Australian Dollar
The GBPAUD pair has begun to exhaust: (Check 1 hour and 4 hour chart). There's also a head and shoulders formation on the 4 hour chart that gives my analysis more credibility.

A bearish trend will begin once 1.83987 is reached.

Short term take profit points:
TP 1: 1.839
TP 2: 1.83
TP 3: 1.825
TP 4: 1.82

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