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theforexarmy

GBPAUD Approaching Resistance, Potential For A Reversal

Short
British Pound / Australian Dollar (OANDA:GBPAUD)  
theforexarmy  
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud EUR CAD gbpaudshort jpy
2
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud eur cad gbpaudshort jpy
GBPAUD is approaching its resistance at 1.8256 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.8172 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
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