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GBPAUD approaching major resistance, prepare for a strong reacti

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Brittiska pund/Australiensiska dollar (FX:GBPAUD)  
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FX:GBPAUD   Brittiska pund/Australiensiska dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud gbpaudshort gbpaudlong gbpaudtrade gbpaudpattern gbpaudsell forexsignals
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudshort gbpaudlong gbpaudtrade gbpaudpattern gbpaudsell forexsignals
GBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur.

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Losses can exceed the initial investment so please ensure you fully understand the risks.


This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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