GBPAUD - Long the Support.

GBPAUD - Short term - We look to Buy

Broken out of the wedge formation to the upside.
A bullish reverse Head and Shoulders has formed.
200-hour EMA is at 1.8000.
The RSI is trending higher.
A move through 1.8150 will confirm the bullish momentum.
Dip buying offers good risk/reward.
We look for gains to be extended today.
Further upside is expected although we prefer to set longs at our bespoke support levels at 1.8000, resulting in improved risk/reward.
Our profit targets will be 1.8118 and 1.8169

Resistance: 1.8080 / 1.8100 / 1.812
Support: 1.8050 / 1.8037 / 1.8000

Signal Centre

Trade geschlossen: Ziel wurde erreicht:

Take profit has been reached!