After a small retracement expect price to continue to Sell toward the upward trend line at 1.69200 for potential Gain of between 100 and 115 Pips. Risk 35 pips for Long term gain of 100 Pips
This Currency pair is between a short term upward trend and a long term downward trend. If Australian Dollar breaks through Support Zone 0.68945 expect price to BUY and retest Resistance Zone 0.70291 Before long term Sell. If the U.S dollar Breaks Through the bottom upward trend line Expect price to Sell toward Support zone 0.64568.
Expect price to sell toward Support Zone 1.11840 Could test upward trend line at 1.11510 Potential 100 PIP Gain Risk 40 pips for Gain of 100 pips
expect price to sell toward Support Zone 1.11840 Could test upward trend line at 1.11510
GBP/USD analysis expecting long term buy after possible retracement to bottom resistance zone.