The GBP/AUD has formed a Bullish V shape configuration straight at M H3 pivot point.
The price needs to stay above ascending trend line and M H3 pivot in order to remain bullish so we might see rejections from 1.8220 zone. Only a break below a V shape bottom might initiate a new wave of sellers for a deeper retracement. Close above 1.8300 should provide a continuation of a bullish bounce towards 1.8430 and eventually 1.8640 during next 3 days or next week should the price remain under bulls’ control.
Many green pips,
Nenad Kerkez aka Tarantula FX