Channel fallout
Strong weakness. Price falls out of channel with retest and breaks down the yearly floor (Camarilla L4) also with retest.
Considering the GBPAUD volatility we should see a significant drop through unchartered waters, most likely to yearly L5 (I didnt plot that).
This is no financial advise.
Top positive correlation 1 day
1 GBPAUD - GBPMXN 89.1%
2 GBPAUD - GBPCAD 84.6%
3 GBPAUD - GBPNZD 80.2%
4 GBPAUD - EURMXN 76.8%
5 GBPAUD - GBPCHF 73.9%
6 GBPAUD - GBPSGD 73.7%
7 GBPAUD - XBRUSD 73.7%
8 GBPAUD - XTIUSD 67.4%
Considering the GBPAUD volatility we should see a significant drop through unchartered waters, most likely to yearly L5 (I didnt plot that).
This is no financial advise.
Top positive correlation 1 day
1 GBPAUD - GBPMXN 89.1%
2 GBPAUD - GBPCAD 84.6%
3 GBPAUD - GBPNZD 80.2%
4 GBPAUD - EURMXN 76.8%
5 GBPAUD - GBPCHF 73.9%
6 GBPAUD - GBPSGD 73.7%
7 GBPAUD - XBRUSD 73.7%
8 GBPAUD - XTIUSD 67.4%
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