ICmarkets

GBPAUD Approaching Support, Potential Bounce!

Long
OANDA:GBPAUD   British Pound / Australian Dollar
GBPAUD is approaching its support at 1.8016 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.8143 (horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 2.6% where it could make a corresponding bounce.

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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.