FX.co ★ GBP/AUD Approaching Support, Prepare For A Bounce!

GBP/AUD is in a bullish channel where it is approaching its support at 1.7803 (100% Fibonacci extension, 76.4% Fibonacci retracement, 38.2% Fibonacci retracement, channel support) where a bounce up to its resistance at 1.8032 (61.8% Fibonacci extension) is expected.

Stochastic (55, 5, 3) is approaching its intermediate support where we expect to see a bounce.

Buy above 1.7803. Stop loss 1.7685. Take profit at 1.8032.

#forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom #daytrader #scalper #swingtrader #fx #currency #pips #technicalanalysis #forexmarket