GBP/AUD Long-Term Trend: Bearish
Key Resistance Levels: 1.7333, 1.7407, 1.7519
Key Support Levels: 1.7202, 1.7158, 1.7031
The price on the higher time frame has been consolidating after a good bearish run. There is a resistance at the 1.7814 level and the price has been rejected from there several times. The lower trendline has been broken which indicates a bearish trend.
GBP/AUD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price has been trading in a downtrend for some time and it has shown good momentum. There is a rejection faced at the 1.7407 level and it has now broken and retested a minor level of 1.7333
Sell Limit Order @ 1.7286
TP 1 @ 1.7212
TP 2 @ 1.7064
Stop Loss @ 1.7360
Trade Safely 🙂
Dear Vipul, EUR GBP, TP1 changed to 0.84916, which was TP2, So what should be TP2 now
Yes, there was a typo that has been corrected now.
Hi Vipul, Did you see the GBP The past Hour it short up strongly… and it’s still going up, has it affected the GBPAUD or not?
It looks ok we’ll see how it goes.