FX:GBPAUD British Pound/Australian Dollar
Hourly chart pattern - Minor head and shoulder and rising trend line
A break below rising trend line followed by a break below neckline level of 0.9863 would add credence to exhaustion/failure near rising trend line hurdles as noted on the here.
- Consequently, doors would be opened for a sell-off to 1.9397 (23.6% of 1.8293-1.9738).
- On the higher side, 0.9738 needs to be breached to signal continuation of rising trend.