FX.co ★ Technical Analysis of Daily Price Movement of GBP/AUD Cross Currency Pairs , Monday January 08, 2023.

Even though the condition of the GBP/AUD cross currency pair is still bearish as indicated by its price movement still moving below its Moving Average, this is confirmed by the presence of deviations between price movements and the RSI indicator, indicating that in the near future GBP/AUD has the potential to weaken to the level 1.8789 is the main target and if this level is successfully penetrated downwards by GBP/AUD then the level area 1.8621-1.8584 will be the next target to be aimed at unless when heading towards these target levels suddenly GBP/AUD reverses direction upwards until it penetrates above the level of 1.9052, the weakening scenario in EUR/JPY that has been described previously will automatically cancel itself.

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