GBPAUD facing bullish pressure | 30th June 2021

GBPAUD facing bullish pressure | 30th June 2021 for FX:GBPAUD by FXCM

GBPAUD facing bullish pressure | 30th June 2021



GBPAUD is facing bullish pressure, as it continues to hold above ascending trendline and moving average support, in line with our bullish bias. We could potentially see price bounce at Buy Entry, in line with 23.6%, 38.2% Fibonacci retracement , 61.8% Fibonacci extension and horizontal pullback support, and rise towards Take Profit, in line with 100% Fibonacci extension and horizontal swing high resistance.

Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients’ best interests and represent their views without misleading, deceiving, or otherwise impairing the clients’ ability to make informed investment decisions. For more information about the FXCM’s internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms’ Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.

THE ULTIMATE TRADING EXPERIENCE