GBPAUD Will Move Lower! Sell!

Take a look at our analysis for GBPAUD.

Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key horizontal level 1.923.

Considering the today's price action, probabilities will be high to see a movement to 1.918.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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Great news, our trade has finally paid off!