newdigital

W1 price is on bullish market condition for the ranging between R3 Pivot at 2.1844 and R2 Pivot at 2.0574: the price is crossing second pivot resistance level at 2.0574 from above to below for the secondary correction to be started with 1.9753 first pivot resistance level as the next real target.

Instrument	S1 Pivot	Yearly PP	R1 Pivot	R2 Pivot	R3 Pivot
GBP/AUD	1.7661	1.8482	1.9753	2.0574	2.1844

If the price will break R3 Pivot at 2.1844 from below to above so the primary bullish trend will be continuing
If W1 price will break R2 Pivot at 2.0574 level from above to below so the secondary correction within the primary bullish condition will be started.
If not so the price will be ranging within the levels.

• Recommendation for long: N/A
• Recommendation to go short: watch close weekly price to break 2.0574 support level for possible sell trade
• Trading Summary: correction