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GBPUSD: WITH A PULLBACK POTENTIAL

 

 

 

The GBPAUD may find it hard to extend the latest recovery unless breaking the 1.7955-65 horizontal-region on a daily closing basis.
As a result, there’s a chance for pair’s pullback to the 1.7900 the 1.7850 can be expected. In case the quote continues declining past-1.7800, the 1.7700-1.7690 and an upward slanting trend-line, at 1.7535.

If at all the pair manage to afford a D1 close beyond 1.7965, the 1.8000 might become an intermediary halt to its rally towards the 1.8070 and to the 1.8160-70 resistance-area. Should prices keep rising after 1.8170, the 1.8200 and the 1.8290 are likely numbers to appear on the chart.

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31 Aug 2018 12:01 pm Posted by tamilforex

 
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