In our post dated October 21st, 2018, we highlighted the possible move of Forex Pair GBP/AUD with the help of our Technical Analysis. In that post we wrote, “Since the price has closed below the first trend line (the pink line in the below chart) for the Forex Pair GBP/AUD there can an opportunity for the price to come and test the second trend line (the green line in the below chart) for Forex Pair GBP/AUD. Exactly that happened as shown in the above chart in the week completed last Friday. Price of Forex Pair GBP/AUD touched the green line on week number 44, which got completed on 02.11.2018.
When we posted on Oct 21, 2018 for Forex Pair GBP/AUD, the price was at 1.8352. According to our technical analysis for Forex Pair GBP/AUD the tentative price projection was 1.8050, a solid drop of a massive 300 PIPS (Percentage in Points). This drop of 300 PIPS and more (since price closed at 1.8009) happened in just 2 weeks and just after our post for Forex Pair GBP/AUD on 21.10.2018.
Now the question is what the price of Forex Pair GBP/AUD going to do in future. To technically identify the next possible price objective for Forex Pair GBP/AUD in the Professional way so that it will be easier for you to Trade Forex Pair GBP/AUD in future from the current level and to find out the answers to all your Trading related queries, please contact us at 03 9790 6476 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.
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