GBP/AUD Approaching Resistance, Prepare For A Reversal

GBPAUD is approaching its resistance at 1.8256 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.8172 (61.8% Fibonacci retracement, horizontal pullback support).

Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

GBPAUD is approaching its resistance where we expect to see a reversal.

Sell below 1.8256. Stop loss 1.8320. Take profit at 1.8172.analytics5b9b23119afe5.png

The material has been provided by InstaForex Company - www.instaforex.com