ng_forex

GBPAUD DOWNTREND MAY CONTINUE!!!

Short
FX:GBPAUD   British Pound / Australian Dollar
We have seen a quite nice jump in GBPAUD in previous week, but it may be just an impulse. As, we can see that the trend line is still holding and may continue the downtrend.

So, we are still bearish on GBPAUD pair and if we take a short here then we can take profit at 1.9000 and TP 2 will be at Support 1.8600.

So, don't take a long position for now. So, be neutral or go short!! :)