YGForex

GBPAUD Reaching Support Level..... BUY or SELL????

FX:GBPAUD   Brittiska pund/Australiensiska dollar
As we can see GBPAUD have been on an uptrend recently and definitely will be interesting to see if it will continue its uptrend or fall downwards. As of now, the bias is towards the bullish side as the trend is heading upwards but I see a potential breakthrough in the support level and to enter a short position will be best if it breaks 1.9750 support level. I can see it falling to a support level @1.8750 breaking a weak support level @1.9100 price level. If bullish, it will head towards the resistance level as shown in my analysis. Watch closely for Opportunities. Price Consolidation or Candle Pattern may help determine our position.

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