GBPAUD testing resistance, Prepare For A Drop

GBPAUD is testing its resistance at 1.8 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where price is expected to drop to its support at 1.8529 (23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support).

Stochastic (89, 5, 3) is testing its support where a corresponding bounce is expected.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
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