GBPAUD, short term bull, longer term possible bear
on a daily data frequency chart, the central region lays between 1.9 and 1.85 (formed from 23rd Mar to 29th Mar, price movement were going up and down around this range up util now.)
The two vertical regions together with MACD matches current situation after brexit.
clear pull back up of price from 11th July towards the central region again. There are two price resistant levels here. 1.827 and 1.856 . If current trend failed to break up 1.827, we are very likely to see a strong drop of the price downwards away from current central region. Similar to 1.856 the lower central region limit, if the price fails to recover, we shall also see future drop of the price, but less severe than the first case.
The two vertical regions together with MACD matches current situation after brexit.
clear pull back up of price from 11th July towards the central region again. There are two price resistant levels here. 1.827 and 1.856 . If current trend failed to break up 1.827, we are very likely to see a strong drop of the price downwards away from current central region. Similar to 1.856 the lower central region limit, if the price fails to recover, we shall also see future drop of the price, but less severe than the first case.
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