TheCryptagon

GBPAUD is at the top of the 4 month Channel Up.

FX_IDC:GBPAUD   英镑/澳元
This, along with the 1day RSI hitting the Falling Resistance, calls for a sell to the Channel's bottom.

Best to sell though after the 1.89690 low breaks and target 1.8700.

A fractal analysis however with March 7th shows that if the candle closes over the Channel Up, we can see a rally to the 2.5 Fibonacci level as in March - April.

On that occasion, buy and target 2.02000.

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