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The GBPAUD begins to decline– Forecast today – 8-4-2026
The GBPAUD ended the last bullish corrective rally by providing negative close below the 1.9525 level, affected by the negativity of the main indicators by forming new bearish waves, to settle near 1.8985.
Forming extra barrier at 1.9090 level and the continuation of providing negative momentum by the main indicators makes us expect continue providing negative trading, to attempt to reach 1.8840, to repeat the pressure on the support level near 1.8670.
The expected trading range for today is between 1.8840 and 1.9050
Trend forecast: Bearish
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