GBPAUD Potentially Shaping Up for a Short Trade

Paun British / Dolar Australia (FX:GBPAUD)

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FX:GBPAUD Paun British / Dolar Australia

gbpaud short potential neutral tomorrow bearish hightest

As we can see price has made its way up to an area of significance. In addition a bullish channel has started to form on the daily chart, which comes after a rally out of a decent bearish channel.

Ultimately I remain neutral for now - anything can happen. It will be interesting to see if today's candle closes as a clean high test.

Komen:

Resistance level broken.

Penafian

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