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GBPAUD


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GBPAUD is currently rallying around 1.8003. On the 4 Hours Chart , the previous  candle closed above the previous  52 Period Exponential Moving Average. 
 This is a possible Indication that we are in an active up trend . This trend is supported by the fact that the price is above  the previous day's Lowest Low 1.7947
. While we continue to see a sustained move above 1.7947 we expect a surge much Higher with an Ideal Target at 1.6378. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 1.6104

Image courtesy of FreshForex

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