GBPAUD facing bullish pressure | 13th Apr 2021
GBPAUD is facing bullish pressure from ascending trendline support which is in line with horizontal pullback support, 50% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance which is in line with 78.6% Fibonacci retracement. If prices fall through 1st support, prices might take support from horizontal swing low support, in line with 161.8% Fibonacci extension and 50% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
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