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GBPAUD Corrective Setup in Play

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As volatility and confusion spreads around the world markets the GBPAUD looks firmly set within a corrective structure. However, the bulls are starting to gather and the pair might be ready to shine, albeit in the short term. The currency pair has been on somewhat of a rollercoaster ride over the past few weeks and it steadily declines in line with the broader Pound sentiment. However, the past few days have seen the continuation of a constricting pricing channel that is readying to provide

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