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GBPAUD DAILY

Unfortunately we haven’t seen a push back below the 1.79445 daily support level, the MA’s continue to provide dynamic support for the Pound along with heightened optimism regarding a brexit deal. Price has pushed back into the refined fib region, however we have a minor resistance level at 1.8050 which could reverse the Pound back below the 1.8000 monthly key level.

Alternatively should we see a push above the 1.8050 daily level we can advance higher into 1.8150, a nice 100pip upside move.

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