AUD,NZD/GBP crosses/Technical Analysis

GBP/AUD: Trading at significant technical level

The 100-day MA, previous major lows, and a 61.8% retracement all come in near the same level around 1.4980 (chart in members). A clean break above here would open the way up for more serious gains.

  1. Definitely Jasper but it could easily pullback another 200 pips towards 12440 without endangering the uptrend. At moment, s/t charts look slightly heavy so we may indeed see a deeper pullback before uptrend resumes?

Leave a Reply

Your email address will not be published. Required fields are marked *