GBPAUD W8

British Pound/Australian Dollar FX:GBPAUD

nil1342

Price peaked at longterm down fib before starting to slide back down on Higher volume
Scenario 1: Test and bounce off of ema (BLUE) for a final retest of 1.9600 and then we can
expect a swift retracement down to 61% and we can see the price touching 1.9375 by end of Feb completing a 5 wave pattern

Scenario 2: straight meltdown to 61% fib, retest of 1.9500 and down to 1.9375 in 3 wave pattern

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