Memo_Mountain

GBPAUD GA Doble Top

Short
Memo_Mountain Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
GBP/AUD BEARS are getting stronger

On currency strength charts, GBP is still weak; while AUD exhibits bullish pressure, positively correlated with Gold surging toward 1900 levels.

If the neckline breaks and holds as a new resistance the 1.7 / 1.65 area is very possible

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Comment:
Forgot to mention that the MFI is at 24 points and has room to fall, indicating a continuation of the bearish trend.

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