GBPAUD facing bearish pressure | 23rd Apr 2021

GBPAUD facing bearish pressure | 23rd Apr 2021 for FX:GBPAUD by FXCM

GBPAUD facing bearish pressure | 23rd Apr 2021



Prices are facing bearish pressure from horizontal swing high resistance in line with 50% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push down towards 1st support in line with horizontal swing low support, 127.2% Fibonacci extension , and 161.8% Fibonacci retracement . If prices push higher, prices might face resistance from 1st resistance in line with horizontal swing high resistance, 100% Fibonacci extension , and 127.2% Fibonacci retracement . EMA is also above prices, showing a bearish pressure for prices.

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