Wait For Downside Momentum To Return To GBPAUD

We will be waiting for the downside momentum to return to GBPAUD before initiating a short position.  Look for a break of 1.72700 on the hourly chart, more conservative traders may wait for a close below the 1.72700 level.  Targets should be 1.72090 & 1.71800 while your stop should be placed 1.73300 - 1.73600 level.
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