Technical Analysis – GBPAUD remains positive; bullish crosses developing
GBPAUD buyers yesterday retook control at the 1.8135 level, which is the 38.2% Fibonacci retracement of the up leg from 1.7560 to 1.8492, reversing the pair back above the 200-day simple moving average (SMA). The two-month rally seems to still be intact, backed by the SMAs nearing bullish crossovers, which reflects a strengthening positive outlook. […]