FX.co ★ Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday November 19, 2024.

If we look at the 4-hour chart of the GBP/AUD cross currency pair, we will see a deviation between the GBP/AUD price movement and the Stochastic Oscillator indicator and the emergence of the Bearish 123 pattern followed by the appearance of the Bearish Ross Hook (RH), especially confirmed by the GBP/AUD price movement moving below MA (100), so as long as there is no further strengthening that breaks through and closes above the 1.9650 level, GBP/AUD will weaken down to the 1.9350 level and if the momentum and volatility support it, GBP/AUD will continue to weaken to the 1.9171 level.

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