Hello traders!

Today I will share again my thoughts about GBP/AUD.

At this right moment this cross mark: 2.1414.

Prevision: upside

Reasons:
a) 2.1400 is quite supportive;
b) 2.13830 is the place where is located the important Fibonacci Retracement (38.2%) according Dialy timeframe
c) 2.1325 is the place where is located the important Fibonacci Retracement (61,8%) according H4 timeframe
d)) 2.13000 is the main longitudinal upward support line started at 12 October.
e) Channel: ascending on H4 and Daily chart
f) Resistance: 2.1600

As always, you have to decide where is your entry point: now or wait until you get the perfect entry

Good luck
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