Currency: GBP/AUD
Trend Expected Direction: DOWN
Method: Ichimoku, Technical Analysis
Description: GBP/AUD broke the wedge formation which has been developing on H4 chart. The pair has been bullish since February 15 but the price action over the last 2 weeks shows that the pair is struggling to pass 1.6175. H4 chart suggests that the price may head to %23.6 Fibonacci retracement level.
Recommendation: Short
Target Area: 1.5803
Stop-Loss: 1.6018
