GBPAUD SHORT - ANALYSIS
We see longer term bearish GBPAUD. As you can see here price bounced off 1.88 weekly resistance area and broke through an ascending trendline and then made a re-test of weekly resistance area forming a double top. We also have MACD divergence confirmation. Next daily support areas are at 1.81 and 1.78 and then we have strong weekly support area at 1.73 where is also our short position target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.