GBPAUD is breaking the long-term rising wedge

GBPAUD breaking the uptrend line

 

GBPAUD has broken below 1.7800. This is the long-term uptrend line connecting three higher lows from the 2017 support level. Brief pullback after slipping 400 pips below this level, and the pair could be open for a continuation lower. A break below 1.7400 could accelerate that.

Note: look for the short trade entries with the stop loss above 1.7550

 

GBPAUD long-term trend reversal

 

 

 

 

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