FX:GBPAUD   British Pound / Australian Dollar
Analysis also provided on the chart. Price has broken the uptrend. Will be looking for a retest and then a drop.
However, it is a weekly uptrend line which has held numerous times (both indications of it holding strength) so this may just be a fakeout.
What price does over next week should indicate what will happen.
Be wary of long positions in this pair over the coming weeks

Comments

It has not broken the trend yet. If you align the line with the wicks its still following the trend mate.
+2 Reply
@Jamal92, will bare that in mind mate, but I try to avoid using wicks unless they're significant
Reply
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