GBPAUD – Just bearish

Today we got to be careful because the US interest rates figure will be released at 2:15 EST, and you never know what could happen with interest rates announcements.

The GBPAUD is trading in a bearish market condition, yesterday it broke through the ST support level triggering its bearish condition. Right now it is trading at that important level, if we get something significant with downward pressure might be a good opportunity to go short:

Remember it needs to trade below 1.5919 so that we could consider the GBPAUD trading in a bearish market condition. If it trades above that level it’ll cancel its bearish condition.

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .