Possible break of the up channel and retest of the fibs. Currently retesting weekly demand.
Following lots of news broadcasts last week, are we to see the GBP rally against the AUD?
Another move caused by multiple UK news events. Short term channel broken, could this keep going down?
target the 0.9990 area, a previous market POC
Could hit a couple of blocks along the way to further down?
slow moves down in the final days of last week and we could see a challenge back up to 1.1200?
A brief pullback and then head up?
Pull back then a head back up for TP1 & 2?
After a sell off from the broken channel (which I caught most of the pips :-) ) end of the down move and heading back up?
Looking to see if this is a drop back down to demand zone
As its been slowly chipping away at the big spike from January.
In the weekly demand zone, seeking new direction
Further drop before finding support and heading back up?