GBPAUD approaching major resistance, prepare for a strong reacti

5 ก.พ. 2018

GBPAUD is approaching major resistance at 1.7974 (ABC Fibonacci extension, 61.8% Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down towards 1.7439 (Fibonacci retracement, Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur.

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