GBPAUD facing bullish pressure | 4th August 2021

GBPAUD is approaching 1st support of 1.88006, in line with 50% Fibonacci retracement and 38.3% Fibonacci extension . Prices are expected to rally to 1st resistance of 1.89551, in line with 127.2% Fibonacci extension. Prices may fall to 2nd support of 1.86891, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. Indicator supports a bullish view.

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