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Outlook on GBPAUD: Pullback presents an opportunity to sell

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Libra Esterlina/Dólar Australiano (FOREXCOM:GBPAUD)  
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FOREXCOM:GBPAUD   Libra Esterlina/Dólar Australiano
Trend Analysis Harmonic Patterns Chart Patterns GBPAUD GBP aud gbpaudlong gbpaudshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpaud gbp aud gbpaudlong gbpaudshort forex forextrading forexsignals
Prices are holding below a key resistance zone on the monthly time frame with further downside seen. On the H1 time frame, prices broke its ascending support line and a pullback to test the resistance zone at 1.88800, in line with the 78.6% Fibonacci extension and 50% Fibonacci retracement presents an opportunity to sell to the support target at 1.8700 which lines up with the 61.8% Fibonacci retracement.
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