VasilyTrader

GBPAUD: Important Breakout & Bearish Outlook Explained 🇬🇧🇦🇺

Short
OANDA:GBPAUD   British Pound / Australian Dollar

GBPAUD broke and closed below a solid rising trend line on a daily.
That violation is the sign of strength of the sellers and implies at least a local
change of character.

Probabilities will be high that the pair will drop lower.
Next support - 1.91

For entries, consider an occasional retest of a broken trend line.

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