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GBP/AUD: Price drop after touch 1.7650 Resistance . SHORT

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FX:GBPAUD   Brittiska pund/Australiensiska dollar
GBP/AUD despite today the GBP/USD pair starting the journey with a Bullish candle, this currency pair seems to follow our analysis about an imminent drop to the level of 1.7200 and in last Target 1.7000. In the last sessions the price After a retracement, find a wall to not go over 1.7650 like a resistance. The price goes over the 61.8% Fibonacci just with one candle before getting reabsorbed and dropdown. The RSI indicator turned in the Bearish side and the Stochastic indicator also after a while in Overbought come back into the normal range area ready to fall down into the oversold.

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