GBPAUD

246
Expecting this move from GBPAUD

GBPAUD is now extremely oversold on all timeframes up to the daily.
Price is almost at the weekly trendline too so I'm expecting a bounce off it.
GBP INDEX is sitting on the .618% fib (daily timeframe) and has made multiple rejections last week so we may see a bounce this week.
AUD INDEX is also oversold and has reached a structure level. It's has broken the trendline (daily timeframe) but hasn't retested it so with it reaching a structure zone and being oversold, I believe this week it will retrace to retest it which will also help GBPAUD on its way up.
GBPAUD has also broken a trendline that went on for 15 months but hasn't retested it yet so if it does go back to retest it, their will be 800pips to make atleast

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