From the first week of January, GBP has been on the BEARISH outlook with GBPUSD, GBPAUD, GBPNZD, till first week of April, which many can say first quarter of the year was BEARISH using Fibonacci retracement, it ought to retrace to 0.38 of the Fib, but due to a strong resistance zone, it dropped again, one can say the short upward movement was to test the recent monthly trend line that was broken.
Now this push to the down side didn't make a lower low, instead it created a double bottom with its wick. Now the price also is currently at another support/resistance zone.
Initially I was on a BULLISH outlook on GBPAUD, but now I'm BEARISH but to really confirm my confidence, I'll need your intensive contribution.
Now this push to the down side didn't make a lower low, instead it created a double bottom with its wick. Now the price also is currently at another support/resistance zone.
Initially I was on a BULLISH outlook on GBPAUD, but now I'm BEARISH but to really confirm my confidence, I'll need your intensive contribution.