GBPAUD facing bullish pressure | 4th August 2021
GBPAUD is approaching 1st support of 1.88006, in line with 50% Fibonacci retracement and 38.3% Fibonacci extension . Prices are expected to rally to 1st resistance of 1.89551, in line with 127.2% Fibonacci extension. Prices may fall to 2nd support of 1.86891, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. Indicator supports a bullish view.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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