GBPAUD approaching buy entry level | 7th June 2021

GBPAUD approaching buy entry level | 7th June 2021 for FOREXCOM:GBPAUD by FXCM

GBPAUD approaching buy entry level | 7th June 2021



GBPAUD is approaching buy entry level, in line with 78.6% Fibonacci retracement , 100% Fibonacci extension , ascending trendline support and horizontal overlap support. We could see a bounce and further rise towards take profit level, in line with 61.8% Fibonacci retracement and horizontal pullback resistance. Stochastics is also testing the support level where it has reacted off of before, in line with our analysis.

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