On the daily timeframe, GBPAUD experienced a trend reversal after failing to continue strengthening after breaking the resistance line. The pair was in a bullish trend that led it to touch the price position of 1.96895 before finally bouncing down and experiencing a bullish trend again. Although the pair is still above the kumo cloud, the stochastic indicator shows that the pair is in the saturation zone due to being overbought. Thus, while the bullish trend is still likely to continue, traders need to be on the lookout for a potential correction or trend reversal in the near future.
We have detected that you are accessing this website from an IP address located in the European Union (EU).
Please note that FPG Fortune Prime Global is not authorised or regulated in the European Union to provide regulated financial services.
The products and services offered on this website are not intended for, or directed at, residents of the European Union.
By clicking “Confirm and Continue”, you confirm and acknowledge that:
• You are accessing this website on your own initiative.
• You have not been directly solicited, targeted, or induced by FPG Fortune Prime Global to access this website or to enquire about or obtain its products or services.
• Any request for information, products, or services is made solely at your own initiative.
• You understand that FPG Fortune Prime Global is not authorised or regulated in the European Union to provide regulated financial services, and that EU regulatory protections may not apply to products or services provided by FPG Fortune Prime Global.
Please add the WeChat FPG_01, or scan the QR code.
