GBPAUD Longterm Analysis

Greetings traders,

We could probably see GBPAUD to fall down for the next couple days.

As shown on the Daily chart above, we can see that price formed a pin bar pattern on a weekly level of 1.8250 and as well as on a daily resistance.

If we zoom out a bit, we can clearly see that this is a flag pattern. If price were to breakout from this pattern, we can expect price to fall down all the way to 1.7250 level.

Overall, I’m going to be looking for sells for GBPAUD.