GBP/AUD Retracement is Coming

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/AUD has formed a retracement pattern and if the bullish momentum persists we should see higher levels hit.

The pair has been supported above the 1.8225 zone. However, we couldn’t see a clear bullish momentum above W L3 level. In that case a new bullish momentum might spark further upside above 1.8320. If the 1.8220 zone fails, the pair might drop to 1.8165 and that will end the retracement higher and might put the pair in another downside extensional move.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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