GBP AUD

The price bounced closely from the 0.50 of the fibonaci,respecting 0.382 level of the fibonaci.This shows us the buyers are now ready to push price up.

C.O.T report (COMITMENT OF TREADERS) shows us that profit taking has long started in sellers,which gives up a very good confluence for the bulls(BUY) rally.

INDICATORS:
E.M.A
M.A