FX.co ★ Technical Analysis of Daily Price Movement of GBP/AUD Cross Currency Pairs, Monday September 25,2023.

From the daily chart of the GBP/AUD cross currency pair, it can be seen that the CCI indicator has broken below its three main important levels and the price movement is below the WMA (20) which also has a downward slope and is supported by the appearance of the Bearish 123 pattern which is followed by the Bearish Ross Hook So it can be concluded that GBP/AUD is currently being dominated by Sellers so that in the next few days if there is no upward rally correction that exceeds level 1.9743 then GBP/AUD has the potential to fall down to level 1.8847 as the first target and if the momentum and volatility are sufficient to support then level 1.8496 will be the next target that will be tested.

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