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GBPAUD approaching resistance, potential bounce!

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Sterlina / Dollaro australiano (FX:GBPAUD)  
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FX:GBPAUD   Sterlina / Dollaro australiano
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud gbpaudlong gbpaudshort Forex forextrading forexsignal
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudlong gbpaudshort forex forextrading forexsignal
GBPAUD is approaching our first resistance at 1.7957 (Horizontal overlap resistance, 100% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.7835 (38.2% Fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding fall in price should it react off this level.
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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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