GBPAUD Chart Technical Outlook

GBPAUD Chart Technical Outlook scope for further mild losses
The single currency baskets highlight selling AUD and buying dips in GBP. This suggests buying dips in GBP/AUD.
Bespoke support is located at 1.8736 and 1.8731.
We are forming an ending wedge pattern. On a break of 1.8956, the measured move target is 1.9176. My preferred stance is to buy into dips. Tomorrow’s UK data could be the catalyst.

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