Its Not Over Till The Fat Lady Sings,
Well she is about to, GBPAUD is still yet to decide whether to
continue bearish retracement or not. What I will be looking
out for here is how price action will react to the 1.790 level.
I think this a crucial region for price action. As long as we can
sustain above it, we are likely to see a new significant high
The level of volatility in this pair is either going to be an exciting prospect for you or just "NO!"
Overall my bias for this pair leans a lot more to the downside however, I believe we may be due a mini correction on the from the daily timeframe to the smaller trading timeframes.
This is a bit of a long shot but given that PA has shown bullish signs since Dec...
Since 2015 this pair has been on a counter trend bullish run on the monthly timeframe. However, time and time again has come up short at the 1.59 region
The pair seems to have built a fair amount of consolidation from which we could potentially expect to see the D extension on the monthly fib fulfilled.
Tomorrow's weekly close will tell us pretty much what we...
My overall bias is that GBPJPY will fall towards the lower levels in search of support. I am looking to see PA carry towards the 140.0 price level.
That being said, i do believe we might be starting to see a change in momentum for this pair on a more short term basis towards the upside. This should become more clearer this week, however the multiple wick...