Gbpaud Confirm Analysis

GBPAUD

GBPAUD has been rangebound since the Middle of September but is attempting a break below the range today. We have had two previous attempts to break lower with a daily candle close below opening up a larger move to the downside. The next key support area rests around the 1.8500 handle which is 400-odd pips away.

If price does fail to close below today it could still do so tomorrow following the BoE meeting. The 200-day MA will provide resistance as it rests just above the 1.9000 handle while another hurdle rests at the 1.9110 mark.

Yorum:

Support 💪

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Yorum:

Follow it

Yorum:

Hold It

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Yorum:

Confirm Today

Yorum:

Hold Strongly