Downtrend for GBPAUD!!!! Bearish Movement

Currently, I believe GBPAUD will move minimally to its support level (around 100pips away). Opening a short position will be wise as I could see this pair breaking its support level and moving all the way to 1.9100 price level. Having said that, we have to monitor this pair and assure a false breakout do not occur. (Look out for strong candlestick or candle pattern) For now, opening a short position will be the best choice for this pair.

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