GBPAUD UPDATE

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Since the recent bullish impulsive wave on GA which we capitalised on, the market has now printed a daily bearish close and looks ready to make the corrective wave. On the LTF right hand chart we can identify from the psychological 1.77500 zone price has made a local bearish BOS... looking for price to come back up to the high of the week in confluence with the 4H zone and OB before looking for potential sells into 1.75800.

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