Zimptrades

GBPAUD Long Next Week

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FX:GBPAUD   Libra Esterlina/Dólar Australiano
Price has consolidated for a little after last week's drop. Just before closing, price has broke structure and created higher lows, and higher highs as indicated by the new grey trend lines. Fibonacci trend retracement also shows that the small retracement is approaching the .5 golden zone. What many people thought to be a downward spiral to 1.81 may turn out to be a push back to 1.84
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