GBP/AUD is long due for a correction to the upside
The prime reason for a falling GbpAud is the very weak GBP. But, it is long due for a correction.
Price is consolidating in a trend line support. So, we need to get ready for the next move. A very
quick bullish move may happen soon in GbpAud and I predict that we will see at least 1.73 during this bullish move.
Buyers are waiting for a long time to see some bullishness in this pair and I am hopeful of such a move happen within
the next 5-7 days. Of course, one must not trade based on hope but anticipating is not a bad idea.
Price is consolidating in a trend line support. So, we need to get ready for the next move. A very
quick bullish move may happen soon in GbpAud and I predict that we will see at least 1.73 during this bullish move.
Buyers are waiting for a long time to see some bullishness in this pair and I am hopeful of such a move happen within
the next 5-7 days. Of course, one must not trade based on hope but anticipating is not a bad idea.
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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.