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GBP/AUD reached resistance zone and consolidate

Short
British Pound / Australian Dollar (FX:GBPAUD)  
UnitedFX  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis
4
0
trendanalysis chartpattern beyondta
GBPAUD reached post-referendum highs (resistance zone) with high volume nodes(HVNs) in daily chart.
Price retest to this level and reject from high volume nodes.
GBP/AUD may be fall to value area high(VAH) form resistance zone.
GBP/AUD has supported from this zone on April 2016 and then sharply fall and breakdown this zone in Brexit referendum.
The Pound weakened after show that UK GDP growth falls to 5 years low in the first quarter and dampened rate hike expectations in May.

AUDUSD reached near support level (0.7540) with low volume nodes (LVNs)
snapshot
We should trade short position on GBPAUD and waiting for target to VAH for 10 days.

Good luck !!!
United FX Trading Class
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