GBPAUD Analysis #1 Week 5

Just as GBPUSD, GA dropped right at market open. Price did get to the top of the channel and was ready to sell just as i mentioned on my live weekly analysis but i wanted some kind of pattern before selling it.

So now what i wanna look for is price to get to the middle of the channel which is also the 38.2% fib retracement before potentially buying GBPAUD some more. There is AUD news this week and the Australian Dollar is at a demand zone that it hasnt been at since Septemeber last year and it held pretty well then. So the possibility of GA still dropping down to 1.92475 is still very realistic. Lets see how things go during london session.

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