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According to the chart of M30, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 1.9453 while the median line of the Neck is found at 1.9377/1.9386. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPAUD will go towards 1.9356. FX.co ★ GBPAUD M30: Head and Shoulders
Signal strength 3 of 5
GBPAUD M30: Head and Shoulders
According to the chart of M30, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 1.9453 while the median line of the Neck is found at 1.9377/1.9386. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPAUD will go towards 1.9356. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade