Weekly Technical Analysis Report 23 September – Pullback on GBPAUD presents an opportunity to sell
September 23, 2021
Weekly Technical Analysis Report 23 September – Pullback on GBPAUD presents an opportunity to sell
1. This week’s outlook on GBPAUD: Bearish play seen
Prices are holding below a key resistance zone on the monthly time frame with further downside seen. On the H1 time frame, prices broke its ascending support line and a pullback to test the resistance zone at 1.88800, in line with the 78.6% Fibonacci extension and 50% Fibonacci retracement presents an opportunity to sell to the support target at 1.8700 which lines up with the 61.8% Fibonacci retracement.
Outlook on GBPAUD: Pullback presents an opportunity to sell by Salzworth on TradingView.com
