GBPAUD 15 Sep 2023 on the weekly timeframe. It can be seen that this pair has experienced a long bullish trend since the beginning of this year. Starting from the price of 1.75051 until it touched a fairly high price at 1.98823 then bounced down and was at the price of 1.92175. If referring to the stochastic indicator, this pair has passed the saturation period due to overbought. The bearish trend is still likely to continue if the pair completely breaks the trendline and then drops towards S1. therefore go-short can be an option for traders. Keep an eye on market movements and changes, learn many indicators to understand the current trend and trade with your own risk.
