GBPAUD gave a drastic drop this passed week. I believe it will be headin up to retest 1.87600 before dropping to 1.81000. This is a technical perspective. There’s is a bearish engulfing that formed on the monthly that shows a possible drop to my support level before going back up, but i will have to see how the fundamental news for these next weeks will say about this currency pair.
Commentaire:
it did not retrace to my 1.87 but my overall bias of it dropping was correct. ill consider this setup a success overall