FX.co ★ providenci91 | GBP/AUD

The trading range in the GBPAUD currency pair is narrowing. Trading closed below 1.9105; if sellers manage to also hold below 1.9045, then the decline may continue to 1.8980 and 1.8920, from where at least an upward pullback is possible. If the price heads straight below 1.8920, then a move further south to 1.8860, 1.8800 and 1.8740 becomes realistic. If GBPAUD returns above 1.9105, buyers may push up to 1.9165. A subsequent consolidation above 1.9165 will allow the bulls to continue the rise to 1.9225, and if they do not stop there, then the price can move up to 1.9285 and 1.9350.