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GBPAUD - Wedged Between Resistance & Support

GBPAUD - Wedged Between Resistance & Support

Paul Robinson, Strategist

Talking Points:

  • GBPAUD wedged between top-side resistance and under-side support
  • Looking for follow through in AUD after key reversal day on 2/3
  • A break of rising trend-line supports short biased trades towards 19200 in the near-term
  • Watching for a clean break below yesterday’s low of 19479

GBPAUD – 4hr: Sep ’14 Present

GBPAUD - Wedged Between Resistance & Support

Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at instructor@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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