FX:GBPAUD British Pound/Australian Dollar
Very interesting situation here. As long as the Bull/Bear line holds, upside should be favored as the bigger picture trend is clearly up and the minimum target should be at least above the recent highs. However, if that target is reached then things might get a bit fishy as the whole structure seems rather corrective, which means that we may see another corrective leg lower, towards 1.9000. Time will tell. Watching.