GBPAUD Hit our previous target, now sets course for 1.87250.

12 Jul

The GBPAUD pair is trading almost exactly as we expected it to on our most recent analysis (June 04, see chart below), as after an initial rise, it got rejected on the Lower Highs Zone and declined to hit the 1.89100 Support (which was our Target) again:

It is at the moment on a rebound, which according to the October - November 2023 fractal that we believe is replicating, should be the last before a final test on the 1-year Higher Lows trend-line.

As a result, we will sell again after a 1D MA200 (orange trend-line) test, and target 1.87250 (Higher Lows trend-line).

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