Hey guys!
In this analysis we can see that there is a strong case to be made for shorting GBPAUD. There has been been 3 previous points at this level of Resistance. July 2021, January of 2022 & June of 2023.
We can also look at the RSI which is showing us a bearish divergence as its making lower highs while the price action is giving us higher highs.
Were due for a pullback at the 1.8000 range as its been used used previously as support & resistance. & price has always bounced from there.
In this analysis we can see that there is a strong case to be made for shorting GBPAUD. There has been been 3 previous points at this level of Resistance. July 2021, January of 2022 & June of 2023.
We can also look at the RSI which is showing us a bearish divergence as its making lower highs while the price action is giving us higher highs.
Were due for a pullback at the 1.8000 range as its been used used previously as support & resistance. & price has always bounced from there.