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GBPAUD Breakout From Expanding Wedge.

Short
British Pound / Australian Dollar (FX:GBPAUD)  
Fx_Trader_ViSa  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns gbpaudshort gbpaudlong gbpaudanalysis Technical Analysis wedgebreakout
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trendanalysis harmonicpatterns chartpattern gbpaudshort gbpaudlong gbpaudanalysis technicalanalysis wedgebreakout
GBPAUD was trading in expanding wedge, but it has breakout from the pattern on the downside. Considering expanding wedge a breakout on downside our first target on downside support line 1 and target 2 is support line 2 . One can trade on the short side from the current level with the target as support lines 1 & 2.

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