GBPAUD is breaking above the falling trend line

GBPAUD upside breakout

 

GBPAUD is breaking above the falling trendline 1.8850. This is a strong upside resistance now being broken after the bounce from 1.8600. We need to see a confirmation of this break higher but the probability is high as the AUDUSD is turning lower.

Note: look for the long trade entries with the stop loss below 1.8750.

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GBPAUD breakout

 

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