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GBPAUD approaching resistance, potential drop!

Short
British Pound / Australian Dollar (FX:GBPAUD)  
easyMarkets Broker  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud gbpaudlong gbpaudshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudlong gbpaudshort forex forextrading forexsignals
GBPAUD is approaching our first resistance at 1.8071 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.7758 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching our resistance and we might see a corresponding drop in price.
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