The GBPAUD is in its way to resume the positivity – Analysis – 17-9-2019

The GBPAUD price jumped to the upside to settle above the moving average 55, to keep its stability within the main bullish channel levels, we notice the price attempt to rally above 50% Fibonacci correction level at 1.8165 level, to reinforce the bullish bias domination, to expect targeting 1.8330 and 1.8505.

Note that the continuation of stochastic fluctuation above 50 level will increase the chances for gaining a new positive momentum, to increase the chances for breaching the current barrier and begin recording the suggested targets.

The expected trading range for today is between 1.8090 and 1.8330

The expected trend for today: Bullish.