Bears Taking Over GBP/AUD – Elliott Wave Analysis

<p>On the weekly chart of GBPAUD we see price declining sharply down from 2.08 high, after a very long but choppy upward movement that was in play for almost 4 years. Price is breaking below the lower corrective channel line which is evidence that further weakness may be seen, espeically as drop is unfolding impulsively. […]</p>
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