AnalysisExpert

GBPAUD looking likely to fall, 4hr

Short
OANDA:GBPAUD   Livre sterling / Dollar australien
GBPAUD has been buying since late 2022 and has been in an uptrend ever since. It broke the trendline in December 2023 and gave us a strong push towards the downside to the support in 1.85580 and still it was not ready to sell even more. It then pushed to the upside to gather enough momentum to sell. GBPAUD turned our trendline into a resistance multiple times and then consolidated to give us the head & shoulder reversal pattern to push down for the rest of the month.
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