GBP/AUD Approaching Support, Prepare For A Bounce!

GBP/AUD is in a bullish channel where it is approaching its support at 1.7803 (100% Fibonacci extension, 76.4% Fibonacci retracement, 38.2% Fibonacci retracement, channel support) where a bounce up to its resistance at 1.8032 (61.8% Fibonacci extension) is expected.

Stochastic (55, 5, 3) is approaching its intermediate support where we expect to see a bounce.

Buy above 1.7803. Stop loss 1.7685. Take profit at 1.8032.

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