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Weekly Technical Analysis Report 23 September – Pullback on GBPAUD presents an opportunity to sell

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

Salzworth Asset Management