Talking Points:
- GBPAUD trading at intermediate & long-term channel resistance
- Overshot top of channels, failed above the psychological level – 20000
- Not looking for a major decline, but rather a sizable pullback or consolidation period
- Watching for short opportunities on short-term time-frames (1-4hr chart set-ups)
GBPAUD Daily: Feb ’13 – Present
--- Written by Paul Robinson, DailyFX Research
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