GBPAUD Short to 1.9450 area

FX:GBPAUD   British Pound / Australian Dollar
Continuation of final impulse of Elliott wave pattern, further confluence added with completion of a H&S pattern

Last week finished with a fairly strong risk-on sentiment, I see that likely to continue with positive (as positive as it can be..!) news coming from AUD/NZD re Coronavirus

There is a demand zone sitting beneath current price so some strong bearish pressure required to break through.. If it does, hopefully there'll be a big price drop!


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