Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/AUD reversed from resistance area
2019-11-11 • Updated
- GBP/AUD reversed from resistance area
- Next sell target - 1.8170
GBP/AUD recently reversed down from the resistance zone lying between the resistance level 1.8500 (former monthly high from March) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star. GBP/AUD is expected to fall toward the next sell target at next support 1.8170 (low of the previous correction 4).
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700
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