ChartingFx

GBPAUD price forming bearish Pinbar in Downtrend

Short
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD now in a clear down trend. Price broken down 1.6720 support (now resistance) few days ago. Today price retest that level as a new resistance. In daily candle it's forming a bearish pinbar which indicate further price down.

I'm short on this pair until 1.6720 zone acted as a resistance. Next support / target level is 1.6290 and 1.60

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.