FXAscii

GBP/AUD - 4 Confluences = Short?

Short
FX:GBPAUD   British Pound / Australian Dollar
GA will be very interesting pair for next weeks/months, on 1.98700 - 1.99000 level we have 4 confluences:
1. Long term channels resistance,
2. Short term channels resistance,
3. Monthly descending TL,
4. 61.8 fibonacci level!
It really shows that 1.98700 - 1.99000 resistance level is very, very strong! + it's brexit time, we need to see how price reacts at that level...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.