GBPAUD - Likely to turn Bullish soon..

FX:GBPAUD   British Pound / Australian Dollar
GBPAUD             - mid 83XX likely to find support for some meaningful bounce..
Various time frames and especially angle on daily that if gets to play out could blossom into a pretty decent trade setups.
As for now; newer lows extending ideally 836X and a hold comes in tempted for long side on the pair.

GBPAUD             Daily - Lift off can find some decent room to run to the higher side. A break out of the channel to the higher side should spur bullish rally..

GBPAUD             8 - Newer minor lows looks buyable for some going up north.. There's still some room as per the daily to the downside; so newer lows tempted to long on it..

GBPAUD             4 hr            

GBPAUD             836X looks decent. AS per daily the range to be is 8340-6X for long side..
Comment: GBPAUD extended supp as low as 830X.. for the day .. to be safe 8290-830X comes in extended for the week

GBPAUD 8 hr - Updated.

Makes it 8350-60 patch initially zone with extended residing as low as 8290-8300 .. Incase this comes into play; would require a 4 or 8 hr close above 8360 to start getting comfortable on it..
Nevertheless; still a potential buy opportunity here..
Comment: http://i.imgur.com/7khkkoP.png
GBPAUD Daily - Reaching Daily channel resis. A break could see massive short covering & a faster upswing on the pair.. Else we drag back lower... Ideally a break higher preferred...
Comment: GBPAUD off 8 hr - Already posted resis likely on Friday's surge.. Nevertheless all eyes on the GBP; whether it falters off the resis as shown over the daily or its on for some more upside.. Upside would indicate a break on the GBPAUD coming as well..

GBPAUD 8 hr -
Comment: We done initial break off the last updated chart..and well in accordance to it; we should ideally test the break point - see it holding the lvl and get back on to surging..
A little consolidation won't hurt; but fairly think we may be about to carry on the next leg higher on the pair...
A break back under to the break point and getting close under would imply this setup is likely to falter and we went back to where we started from..

GBPAUD 8 hr -

GBPAUD 2 h - Supporting 8 hr view - drop and a bounce would work out best for the bulls - more like get to regroup before next assault higher...
Comment: Clock Work Orange..

GBPAUD Now....
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