GBP/AUD Bears Are There To Win

GBP/AUD Technical Analysis

• Move down below M L3
• New bearish move
• Q L3 is the first support
• M L4 possible

1. Order block
2. Swing high
3. Entry zone
4. Target

GBP/AUD has another bearish momentum. We can see the strength of Asian Pacific currencies both AUD and NZD. The order block is showing a rejection of the GBP/AUD and it’s mostly due to AUD strength. The swing high is at the Q H3 and the natural move should be to the camarilla pivot Q L3. The break of the Q L3 pivot should move the market further down to M L4 pivot. 1.8288 is the target. However, it will depend a lot on the continuation of the trend and the AUD strength which is gaining momentum.

Cheers and safe trading,

Nenad