I bit of a follow up to last weeks post, I expected price to come back down to at lest the highlighted area, from there I am paying close attention to reversal signs. GBPAUD has been on the decline for a while now and expect to see some sort of pull back soon, coming into a weekly support trend line and showing multiple rejections on the 4 hr and daily. It could be a bit of consolidation before the next move up if any so stay patient.
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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.