Pressure is on to retest JUL low on GBPAUD
Summary
- More price slide expected through to middle of this month
- Longer term reversal is nearing at 78-82% fib levels
I would be watching for the price to test 1.62355 low and if that is broken, 1.620 (78-82% fibo zone) will be a good entry point for long entry in an anticipation of a reversal after breaking the July low. I would be looking to take profit at 1.7276, giving me 1000+ pips profit potential.
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- More price slide expected through to middle of this month
- Longer term reversal is nearing at 78-82% fib levels
I would be watching for the price to test 1.62355 low and if that is broken, 1.620 (78-82% fibo zone) will be a good entry point for long entry in an anticipation of a reversal after breaking the July low. I would be looking to take profit at 1.7276, giving me 1000+ pips profit potential.
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