GBPAUD approaching support, potential bounce!
GBPAUD is approaching our first support at 1.8451 (horizontal overlap support, 23.6%, 38.2% fibonacci retracement, 61.8% fibonacci extension) and price might potentially bounce above this level to our resistance at 1.9026 (50% Fibonacci retracement).
RSI (89) is also approaching support and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is also approaching support and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
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
Feragatname
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