Hello traders,
GBPAUD ten week old ascending trend break-out, likely to run the pair beneath 1.80000. Although, the confluence around 1.79250 can confine the pairs continues south run. But the ascending support breakthrough might keep the decline in full form. In this case, the 1.78000, the 1.76700& 1.75000 are the likely numbers to get highlighted.
On the other hand, the pair has the chances for the upside too. Fundamentally, the pound running with some good numbers. It has the power to reverse the trend, in this case, the trend resistance may magnify the numbers towards upward. The 1.82300, 1.83500, 1.84600 are the likely numbers to get highlighted.
Happy trading.
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GBPAUD ten week old ascending trend break-out, likely to run the pair beneath 1.80000. Although, the confluence around 1.79250 can confine the pairs continues south run. But the ascending support breakthrough might keep the decline in full form. In this case, the 1.78000, the 1.76700& 1.75000 are the likely numbers to get highlighted.
On the other hand, the pair has the chances for the upside too. Fundamentally, the pound running with some good numbers. It has the power to reverse the trend, in this case, the trend resistance may magnify the numbers towards upward. The 1.82300, 1.83500, 1.84600 are the likely numbers to get highlighted.
Happy trading.
Hit like, comment and follow for more Updates.
