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GBPAUD testing major support, keep an eye out!

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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 gbpaudlong gbpaudshort Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudlong gbpaudshort forex forexsignals forextrading
Price is now testing major support area at 1.7352 (38.2% Fibonacci retracement, 50% Fibonacci retracement, 61.8% Fibonacci retracement), horizontal pullback support) and a strong bounce could occur at this level to push price up to at least 1.7917 (Fibonacci extension, horizontal swing high resistance). Our next major level of support is at 1.7107 (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing nice support above 2.5% where a corresponding bounce could occur.

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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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