Pound Aussie is at a major support level from its long term channel, as you can see the market has already been making recently higher highs and higher lows in the buy zone, now the Daily has also formed a Bullish Engulfing Candlestick Formation breaking the CTL.
im waiting for a little pullback on the shorter time frame then its good to go.
GBPAUD reversed off its resistance at 1.81492 where it could potentially drop further to 1.80863.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
STRONG BUY DUE TO HIGH DEMAND IN THE POUND
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GBPAUD is expected to drop to 1st support at 1.77192 where it could potentially react off and up to 1st resistance at 1.78877.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPAUD is expected to drop to 1st support at 1.78660 where it could potentially react off and up to 1st resistance at 1.79530.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
The trend for Great Britain Pound Sterling (GBP) is still downtrend. I think the market is making an upward pullback in the event of prime minister resignation. Fundamentally, Great Britain will be facing a challenging time ahead with a possibility of hard Brexit. If Brexit were to occur, British economy will be damaged either soft or hard Brexit. It is a matter...
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