TIME TO GO LONG #GBPAUD
REVERSAL TIME
- 50% fib at 1.9184 lending support (from 1.8340 low)
- 38.2% fib at 1.9199 lending support (from 1.7856 low)
- multiple highs from Dec 2014 at 1.9200 also supporting
- lower channel trend line at 1.9175 also supporting longs
- 100 DAY MA looms large at 1.9150
- current 4.43% decline matching Oct 2014 correction
OVERALL: Prefer longs at 1.9200 targeting 1.9700 at least
- 50% fib at 1.9184 lending support (from 1.8340 low)
- 38.2% fib at 1.9199 lending support (from 1.7856 low)
- multiple highs from Dec 2014 at 1.9200 also supporting
- lower channel trend line at 1.9175 also supporting longs
- 100 DAY MA looms large at 1.9150
- current 4.43% decline matching Oct 2014 correction
OVERALL: Prefer longs at 1.9200 targeting 1.9700 at least
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