GBP/AUD Retracement to the Upside Above M H3 Pivot

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/AUD could make a potential retracement if the price holds above 1.8888. We can spot a consolidation at the POC zone.

The GBP/AUD has been consolidating near the bottom and we might see a push to the upside. Rejections off the zone should target 1.9059 and 1.9154. Only the loss of M H3 camarilla pivot could make the price go deeper down, continuing the downtrend. Pay close attention to candlesticks as the price on the GBP/AUD is volatile, making 147 pips on the average of 5 days.

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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