MY VIEW ON GBPAUD : SELL THE RALLY

Gbp did drop massively this morning in Asian session. But somehow GBPAUD rebound to 50% fibo level as it is shown on h1 chart timeframe. In my opinion for pair like gbp, the worst is far from over. So the rally in my view is good chance to sell. My stop is around 1.6645-1.6650 with the tp around the low of today (1.59xx area).
Fibonacci RetracementGBPGBPAUDTechnical IndicatorsshortgbpaudTrend Analysis

Penafian