GBPAUD: Sell opportunity within long term bullish channel.

The pair is trading within a 2 year Channel Up (1M RSI = 58.649, MACD = 0.013, Highs/Lows = 0.0224) reaching a Higher High in mid October just over 1.9000. This is the new Resistance (Double Top rejection) zone and based on the previous Higher High sequences, a pull back should follow on 1D for a new Higher Low. We perceive this as a sell opportunity with our Target Zone at 1.80900 - 1.79000.








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