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13.07.202003:25 Forex Analysis & Reviews: GBP/AUD price movement For July 13, 2020.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 13.07.2020 analysis

On the 4 hour chart, we can see a divergence between the Stochastic Oscillator and the pair. The beraish bias is strong. Thus, the pair may decline to 1.8030 as its first target and to 1.7863 as its second target. This scenario is likely to occur if this pair does not rise and close above the 1.8196 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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