The GBPAUD faces solid resistance – Analysis – 8-12-2022
Economies.com
2022-12-08 05:30AM UTC
The GBPAUD pair ended its correctional bullish rally by facing solid historical resistance at 1.8260, to hinder the attempts to resume the rise for now, while the price might form sideways fluctuations until gathering the negative momentum, to confirm renewing the negative trades and expect targeting 1.7880 level soon, followed by extending losses towards 61.8% Fibonacci correction level at 1.7500.
The expected trading range for today is between 1.8200 and 1.7900
The expected trend for today: Bearish
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