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lobfxempire

GBPAUD is about to DROP

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British Pound / Australian Dollar (FX:GBPAUD)  
lobfxempire  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Fundamental Analysis Technical Indicators GBPAUD gbpaudshort gbpaudanalysis gbpshort Technical Analysis presidentialelection
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trendanalysis fundamental indicator gbpaud gbpaudshort gbpaudanalysis gbpshort technicalanalysis presidentialelection
GA has been ranging back and fourth between 1.85000 and 1.82000 and I believe price is about to make its way back to 1.82000, if so price will create a double bottom and move up back towards 1.85000. Price could also move down from where it is now 1.83000 to 1.82000, and continue falling. Price reached its resistance at 1.84940, fell, and now is about to test the green zone below. A big move down CAN happen, especially because of upcoming news this week for GBP and also AUD.

I gave three possible scenarios, let me know what you guys think!

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