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- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro:EUR/AUD eases but bullish outlook persists 



