GBPAUD future movements
GBPAUD future movements
After a strong growth spurt from October 2019 to May 2020, the price returned to within the strong resistance level of 1.841. And the last few months it has been moving without growing above this mark. The fall in price is controlled by a strong support line - 2013. In January, the price bounced off this line at point 1.743 and now I expect it to rise to the resistance level. After touching the level, the price will reverse and start falling. During the fall, it will return to the support line at 1.753. This is our goal.
After a strong growth spurt from October 2019 to May 2020, the price returned to within the strong resistance level of 1.841. And the last few months it has been moving without growing above this mark. The fall in price is controlled by a strong support line - 2013. In January, the price bounced off this line at point 1.743 and now I expect it to rise to the resistance level. After touching the level, the price will reverse and start falling. During the fall, it will return to the support line at 1.753. This is our goal.
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