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FX.co ★ GBP/AUD approaching resistance, prepare for a reversal

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Forex Analysis:::2018-11-05T02:52:05

GBP/AUD approaching resistance, prepare for a reversal

GBPAUD is approaching its resistance at 1.8194 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.7947 (76.4% Fibonacci retracement, horizontal swing low support).

Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

GBPAUD is approaching its resistance where we expect to see a reversal.

Sell below 1.8194. Stop loss is found at 1.8311, and take profit is at 1.7947.

GBP/AUD approaching resistance, prepare for a reversal

Analyst InstaForex
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