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GBPAUD approaching support, potential bounce!

Long
Sterlina / Dollaro australiano (FX:GBPAUD)  
easyMarkets Broker  
FX:GBPAUD   Sterlina / Dollaro australiano
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud gbpaudlong gbpaudshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudlong gbpaudshort forex forextrading forexsignals
GBPAUD is approaching our first support at 1.8451 (horizontal overlap support, 61.8% Fibonacci extension, 38.2%, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price down to our major resistance at 1.9026 (50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (89) is also approaching our first support and we might see a corresponding bounce in price should it bounce off this level.
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