E GBP/AUD Bears Underway

GBP/AUD is dropping rapidly, now seen in the fifth wave of a higher degree wave A), which started in March of this year. We can see a sharp decline underway from the latest swing high in 4 of A), which can take price towards the 1.733/1.705 possible support level in days ahead, where a new bigger correction as part of a downtrend may be seen.

GBP/AUD, daily

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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