GBPAUD approaching support, potential bounce!

GBPAUD is approaching our first support at 1.7825 (horizontal overlap support , 23.6% fiboancci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.8145 (horizontal swing high resistance , 61.8% fibonacci retracement).
Ichimoku cloud is in line with our bullish bias as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
audChart PatternsForexforexsignalforextradingGBPGBPAUDgbpaudlonggbpaudshortHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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