GBPAUD Sell every rise

6月4日The GBPAUD pair eventually hit our 1.9000 Target after our latest sell signal on April 04 (see chart below):

The price is now consolidating around the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) cluster, imitating the late October 2023 consolidation. As long as it stays below the Lower Highs Zone, is will initiate in our opinion the periodic Bearish Leg towards the 1-year Higher Lows trend-line (green Cup).

Our medium-term strategy involves targeting the 1.89100 Support for lower risk.

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