GBPAUD: H1 Timeframe BEARISH outlook!!!
Currently, we managed to see a nice rejection off a crucial resistance level @1.8140 price level. This resistance level is rather strong and I will be seeing a retracement from here if GBPAUD will like to break out from this resistance zone. For now, GBPAUD could retrace till 50.0 fib level where testing a support level (as well as 61.8 fib level) is pretty likely if we see a BEARISH continuation after 50.0 fib level. A rejection from 50.0 fib level could also show us that BULLISH strength is still there and could be a signal that price level is consolidating to break this strong resistance. For now, GBPAUD gives us a good sell opportunity.
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