#GBPAUD have been on falling all the month and still showing a bearish momentum, given the patterns recently formed indicating a continuation movement and the atual pattern formation it is also a continuation pattern that indicates a bearish movement in the market. The price it is expected to fall to 1.9086, before anything else we wat for the market to surely...
GBP/AUD BEARS are getting stronger
On currency strength charts, GBP is still weak; while AUD exhibits bullish pressure, positively correlated with Gold surging toward 1900 levels.
If the neckline breaks and holds as a new resistance the 1.7 / 1.65 area is very possible
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There is a Bearish Bat pattern forming on GBPAUD with the completion at a resistance level. We could develop bearish divergence at the 0.886 completion.
