ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(08September Asia) Latest Impact: GBPAUD Low Incomplete
GBPAUD resolved its losses toward a long term support trend line reading today 19070. The strength in AUD supports the weakness in GBP and as such the pair bottom is incomplete; the market price should be pushed towards 1996 low @ 18720 and stops would be hunted in thin volatility ensuring capitulation is going to be progressed before a good rebound. Low is not known and don’t try to pick a low yourself. Only a weekly close above the resistance long term trendline with reading today 19751 should allow 2008-2009 retracement 23% rebound, and such rebound would take more than 6weeks to be accomplished.
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