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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

Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at

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