Trade of the Day GBPAUD

GBPAUD Inverse H&S in making

 

GBPAUD is holding the support 1.7950 and is breaking above the resistance 1.8110. A break above this level could lead to a test of the Inverse H&S neckline 1.8400. A break below 1.7950 again is required for a downside reversal and a continuation lower. A break above 1.8400 will lead to a complete upside reversal.

Note – Look for the long trade entries with the stop loss below 1.7950

 

GBPAUD price action technical analysis

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