GBPAUD Structure

4 בינו׳ 2016

With this pair stepping lower, it has now pulled back into previous structure providing a great opportunity to short this pair along with a 61.8 fib retracement. Initial target for this pair is at structure down @ 2.0200 with extended targets at the 127.2 extension which also lines up near with the big round number 2.00.

We'll see how this one plays out.