ForexTrendline

120 pips to the next level!

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FX_IDC:GBPAUD   Libra Esterlina/Dólar Australiano
GBPAUD is one of the pairs that make the biggest moves. Today alone the movement is 100 pips.

Yesterday closed above the previous level of resistance and tested the current consolidation under the triangle. The breakthrough is obviously very definite.
We expect this momentum to continue to the next level of resistance. There are 120 pips, which as we see can be reached today.

When it reach 1.8371, watch for the possibility of a breakthrough and continuation.

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