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EvanJones
Aug 25, 2016 8:26 AM

GBPAUD ready to test lower trendline Short

British Pound/Australian DollarFXCM

Description

GBPAUD has recently surged on good economic factors, mainly the Brexit issue and how well figures suggest after the shock result. There is divergence on the RSI and the trendline formed if broken could be a lovely retrace. There are more missed pivots above rather than below so it lies with the strength of the Aussie Dollar on whether this can move South.

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