GBPAUD–slope support break?

 

Bearish: Currently we are @ 0.7519 in a 3rd wave. We are looking to break this current support and then looking for a continuation to the 1.618 Fibo @ 0.7444 and then to the 2.270 Fibo @ 0.7360. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 144 pips.

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