GBPAUD forms spinning top candlesticks at 1.7362 on daily and at 1.7813 levels on weekly plotting, ever since then the bulls seem to have been totally exhausted at stiff resistance levels of 1.7365-1.7406 and stuck in the range between 1.7406 and 1.7272 levels.
On weekly plotting, the consolidation phase in intermediate trend exhausted at rising channel resistance with the triple-top formation, the current downswings is on the verge of extending 3rd top at 1.7996 levels.
For now, more slumps seem to be on cards as bears hovering at 7WMA and both leading oscillators converge downwards.
Most noticeably, the intermediate trend, please be noted that the robust bearish swings are lingering ever since the occurrence of spinning top candlestick on weekly plotting as well.
As a result, the current prices are still well below 7EMAs despite ongoing rallies. In this process, the triple top formation has occurred with top 1 at 1.7173, top 2 at 1.7650 and top 3 at 1.7996 levels.
Any decisive break below support at DMA to signal extension of further price slumps, consequently, triple top formation would be confirmed as both the leading & lagging indicators to favor selling interests since they constantly converge downwards to the price dips on weekly terms.
Trade tips: Amid ongoing range bounded trend, on trading grounds at spot reference: 1.7340, one can speculate this pair buying boundary binary options with upper strikes at 1.7416 (10 pips tolerance) and lower strikes at 1.7288 levels.
Currency Strength Index: FxWirePro's hourly GBP spot index has turned into 108 (which is mildly bullish), while hourly AUD spot index was at shy above 111 (bullish) while articulating (at 11:02 GMT). For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit:


FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
FxWirePro: EUR/AUD edges higher but bearish outlook persists
Bitcoin Flat Near 77k as US-Iran Tensions Escalate; ETF Inflows Near $1B for the Week
AUDJPY: Dip-Buy Setup Near 113.6 as Range Consolidates for a Push to 115
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
NZDJPY Narrow Range, Bullish Tilt: Dip-Buy Ahead of 95–96 Breakout
FxWirePro: NZD/USD edges lower as Geopolitical risks keep risk sentiment fragile
FxWirePro-Major European Indices
GBPJPY Rises on Solid UK Data: Dip-Buy Setup at 214.6 Eyes 217
FxWirePro- Woodies pivot (Major)
ETHUSD Eyes 2770+ Breakout as Dip-Buy Zone Forms Around 2300 Amid Tensions
EURUSD Bearish Tilt: Sell Rallies Near 1.1730 as Safe-Haven Demand Keeps 1.16 in Sight
FxWirePro: USD/ JPY remains buoyant, looks to extend gains 



