GBPAUD SHORT SMIO/SMII & VOLUME PROFILESMIO AND SMII show there's still a relatively strong dip going on. When looking at the H4, we can see a (not so clear) channel. Combined with the looks of the Volume Profile, the most logical move is the continuation of a short at least until 25th of May 2016 (this wednesday).
However. There could be newer support that causes a slight bump up and then down through it at around 2.00000 flat.
If that is the case, watch out and tread carefully at that level.
After this move we can expect the finish flag to be found and then either a small dip below the channel support or a trend reversal to LONG on thursday (26th) or a bit sooner.
