The GBPAUD remains bearish – Analysis – 1-8-2022
Economies.com
2022-08-01 06:15AM UTC
In spite of forming a bullish correctional rally by the GBPAUD and its stability near 1.07430, but that will not affect the main bearish track, depending on the main stability below the main resistance at 1.7860 besides forming an extra barrier by 61.8% Fibonacci correction level by its stability at 1.7510.
Stochastic reach to the overbought level confirms surpassing the positive pressures, to keep waiting for gathering the negative momentum, which allows it to form bearish waves and reaching the negative stations at 1.7310 and 1.7190.
The expected trading range for today is between 1.7500 and 1.7360
The expected trend for today: Bearish
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