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FXSCORPIAN

GBPAUD - Short and Long Opportunities

British Pound / Australian Dollar (FX:GBPAUD)  
FXSCORPIAN  
FX:GBPAUD   British Pound / Australian Dollar
3
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GBPAUD is an uptrend but rejected the major resistance line. I'm expecting a pullback the longer up trendline which will be around the 50-61.8 fibs zone and then a possible retest of the resistance line. If it fails to break, look for the pound to drop. If it breaks it should yield a strong up.

Be careful trading into the resistance zone.
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