From our point of view, GBPAUD is about to decline.
Reasons:
1 The market failed to break the former resistance level.
2 The market has managed to break the former support level which is now a resistance.
3 Gbpaud was at the third touch of the descending trend line.
Good luck!
Reasons:
1 The market failed to break the former resistance level.
2 The market has managed to break the former support level which is now a resistance.
3 Gbpaud was at the third touch of the descending trend line.
Good luck!