FX:GBPAUD   British Pound / Australian Dollar
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On the weekly time-frame we have a higher low formed coupled with the last two candlesticks on the weekly being strong bullish bars.
On the Daily, we can see that price has rejected off the monthly support area at 1.65000 and another confluence is the Fibonacci retracement tool, we can see price has bounced off the 38.2% area. Additionally there is an MA crossover to upside.
Moving down to the 4hr, we can see a break of the counter trend line , along with an inside bar formation.

Target at 1.69670

Comments

On point!
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