FX:GBPAUD British Pound/Australian Dollar
The pair is moving in an that has been tested several times and has held on each occasion. The channel is part of a multi year trend and will be difficult to turn around. We have a couple of indications that a trend change may be approaching. has developed a clear down trend and the pair has put in lower High, we might say we have half a signal ! A break of channel and a lower low is needed before we can commit to a trade. Currently we have great potential but low probability. The Point and Figure chart is currently at a .