As we look at the charts, we see price hit Key Fib levels and the Trendline.

At the beginning of the Feb 21 week, we are at the trendline and a Key level that has been rejected 3 times. If the bulls give up trying to push price above the level, we look for price to drop to 1.87090 (TP3). I would enter for buys until price hit the 1.8640

Chart PatternsGBPAUDTechnical IndicatorskeylevelTrend Analysis

Penafian