Due to the fact that BOE cut the rate to 0.5 with asset buying plan, GBPAUD managed to leave previous 1-hour central region downwards (yellow region in the graph of 1.7543 and 1.7489.
A rebound (5-min level up trend and reversal of 15-min downtrend exhaust) was seen since 16th August. However, if it can not reach back to previous 1-hour yellow region (lower bound around 1.7361), we will be expecting further drop of GBPAUD. Should that situation happen, a new 15-min level central region is likely to form.
A rebound (5-min level up trend and reversal of 15-min downtrend exhaust) was seen since 16th August. However, if it can not reach back to previous 1-hour yellow region (lower bound around 1.7361), we will be expecting further drop of GBPAUD. Should that situation happen, a new 15-min level central region is likely to form.
