Potential long on the GBPAUD
is oversold, RSI
is also in an over sold position, we have also hit minor support at 2.08803 from the previous low. For another strong move we will be monitoring the RSI
, waiting for it to breakthrough resistance, if so then we draw a horizontal support line where the break occurs then Short the GBPAUD
until the RSI
breaks back through. Risk/Reward is 1.1, 1.07% return.