Thursday, October 15, 2026

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FxWirePro: GBP/AUD forms Bearish Cypher pattern, good to buy at dips

Harmonic Pattern - Bearish Cypher Pattern Potential Reversal Zone (PRZ)-2.03000 The pair has recovered after making a low of 2.0300 level. Overall trend is still bullish as long as support 2.0300 holds. On the downside a…

By Lis Howell
1 min read
FxWirePro: GBP/AUD forms Bearish Cypher pattern, good to buy at dips
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  • Harmonic Pattern - Bearish Cypher Pattern
     
  • Potential Reversal Zone (PRZ)-2.03000
     
  • The pair has recovered after making a low of 2.0300 level. Overall trend is still bullish as long as support 2.0300 holds.
     
  • On the downside any break below 2.0300 will drag the pair further down till 2/1. minor support is around 2.070/2.050.
     
  • GBP/AUD has made a high of 2.12 and started to retreat from that level. It is currently trading around 2.0880.
     
  • The major resistance is around 2.1250 and break above would extend gains till 2.1584/2.1885.

It is good to buy at dips around 2.070 with SL around 2.029 for the TP of 2.158/2.1885.

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team