GBPAUD – Watch out for this one next week

Trades update:

AUDCAD: +100 pips
GBPUSD: +109 pips
NZDCAD: +117 pips

Yesterday I was looking forward for a breakout of the LT support level in the GBPAUD, and it did… It broke the main LT support level at 1.5823. What is interesting about the GBPAUD is that the next LT support level is at 1.5177, around 450 pips from where the market is currently trading at:

Next week I’ll keep an eye on this one as it is likely to continue its way down and there is no support level until 1.5177…

Have a great weekend!

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 .