GBPAUD facing bearish pressure | 22th Apr 2021

GBPAUD facing bearish pressure | 22th Apr 2021 for FX:GBPAUD by FXCM

GBPAUD facing bearish pressure | 22th Apr 2021



Prices are facing bearihs pressure from pullback resistance, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension . Prices might push down towards 1st support which is in line with 78.6% Fibonacci retracement and horizontal swing low support. If prices push up further, prices might face resistance from 78.6% Fibonacci retracement and 78.6% Fibonacci extension , in line with horizontal swing high resistance. EMA is also above prices, showing a bearish pressure for prices.

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