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GBP/AUD Retracement to the Upside Above M H3 Pivot

By:
Nenad Kerkez
Published: May 14, 2020, 07:35 GMT+00:00

The GBP/USD could make a potential retracement if the price holds above 1.8888. We can spot a consolidation at the POC zone.

GBP/USD

In this article:

Dear Traders,

The GBP/USD could make a potential retracement if the price holds above 1.8888. We can spot a consolidation at the POC zone.

The GBP/AUD has been consolidating near the bottom and we might see a push to the upside. Rejections off the zone should target 1.9059 and 1.9154. Only the loss of M H3 camarilla pivot could make the price go deeper down, continuing the downtrend. Pay close attention to candlesticks as the price on the GBP/AUD is volatile, making 147 pips on the average of 5 days.

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The Analysis has been done with the CAMMACD.Core and Sit Systems

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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