As we can see price level for GBPAUD managed to fakeout from a resistance level @1.8130, showing us that the consolidation phase is not over. Price ranging from 1.7880 - 1.8330. There is no clear direction as of now and what I will be seeing is trading rejections from this level as of now. Therefore, I am seeing a good sell opportunity for GBPAUD. (Short term) Refer to lower timeframe when you trade this pair. Using ichimoku cloud, we can see that the BEARS is definitely taking over for now.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
