GBPAUD Sell signal on 1D MA200 Bearish Break-out

The GBPAUD pair gave us an excellent buy signal last time we looked at it (December 29 2023, see chart below), easily hitting our 1.9000 Target:


This time we have a Sell Signal that the pair just flashed as it just broke today below the 1D MA200 (orange trend-line) for the first time since January 15. Last time that happened was on December 13 2023, when GBPAUD also broke below a Triangle pattern and reached as low as the 1.5 Fibonacci extension level. The RSI patterns of the two sequences are also similar, being within Channel Down patterns.

As a result, we turn bearish on this pair today, targeting 1.9000.


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