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khng555

Week 36: GBPAUD - Bullish as long as 1.624 area holds

Long
British Pound / Australian Dollar (FX:GBPAUD)  
khng555  
FX:GBPAUD   British Pound / Australian Dollar
Support and Resistance
1
0
supportandresistance
Price is retracing back to congestion area at around 1.624. If 1.624 holds, I will continue to be bullish. However, there are 2 congestion area at 1.641 and 1.649 area which will prove to be a strong resistance. If this strong resistance is broken, 1.668 can be easily reached and after 1.668 will be 1.68.
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