Support held at 0.7000 and market is forming an upward movement, tp is the 0.72000 R. Take position at 0.70300 R:R is 1 to 5 trade
GBPAUD made a false break of the 1.84000 R as it attempted to break out of the bearish channel to the upside and the market rejected both R and channel breakout at daily closing. Short the retest of 1.84000 R zone.
Expecting a pullback to 1.84000 R and downward continuation to the 1.81500 to 1.81000 zone.
GBPAUD rejects 1.81000 and starts forming a bullish movement, long position from 1.84200