GBP/AUD Bears are in Control
July 5, 2021
1 min read
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Dear traders,
The GBP/AUD is at highs. However, the pair should drop as the price is losing momentum.
On a daily time frame, the price has made a new lower high and a very strong bearish candle. Additionally it below the monthly and quarterly pivots. Historical sellers are here. the 1.8390 zone is a selling zone. We should see a drop towards 1.8202 which is my target for short trades.
The Analysis has been done with the Black Widow system.
Cheers and safe trading,
Nenad
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