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Technical Analysis of Intraday Price Movements of GBP/AUD Cross Currency pairs, Tuesday, December 27 2022 Selasa 27 Desember

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The GBP/AUD cross currency pair is currently moving in a ranging condition, this is caused by market participants who are in a condition of Christmas and New Year holidays so that participation in the market is somewhat reduced causing significant volatility not too busy, but with the emergence of irregularities between the price movements of the GBP/AUD and the Stochastic Oscillator indicator, the GBP/AUD has the potential to depreciate down to test the 4-hour Bullish Fair Value Gap area level in the range of 1.7810-1.7770 but if on its way to that level area suddenly GBP/AUD returns appreciates up beyond the level of 1.8065, the decline scenario described earlier will become invalid and cancel itself.

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