{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbp-aud-is-this-a-continuation-pattern\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbp-aud-is-this-a-continuation-pattern\/","headline":"GBP\/AUD – Is This A Continuation Pattern?","name":"GBP\/AUD – Is This A Continuation Pattern?","description":"GBP\/AUD continues to move sideways in the short term. It\u2019s located at 1.8529 level above the broken downtrend line. Staying above it could bring new long opportunities. The Pound remains strong as the UK Flash Manufacturing PMI and the Flash Services PMI were reported better than expected in yesterday\u2019s session. Today, the CBI Industrial Order […]","datePublished":"2021-11-25","dateModified":"2021-11-25","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/GBPAUD_2021-11-24_20-12-57.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/GBPAUD_2021-11-24_20-12-57.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/gbp-aud-is-this-a-continuation-pattern\/","about":["GBP\/AUD"],"wordCount":190,"keywords":["Forex","GBP\/AUD","Trading Setup"],"articleBody":"GBP\/AUD continues to move sideways in the short term. It\u2019s located at 1.8529 level above the broken downtrend line. Staying above it could bring new long opportunities. The Pound remains strong as the UK Flash Manufacturing PMI and the Flash Services PMI were reported better than expected in yesterday\u2019s session. Today, the CBI Industrial Order Expectations was reported at 26 points versus 8 points expected.From the technical point of view, the current range could represent a continuation pattern.Still, we\u2019ll have to wait for confirmation before taking action.GBP\/AUD Technical Analysis!GBP\/AUD tested and retested the 1.8498 level which stands as a static support. Now it has developed a minor triangle. Also, it\u2019s trapped between 1.8599 and 1.8527 levels. A valid upside breakout from these patterns could activate an upside continuation.Its failure to stabilize below the downtrend line followed by a valid breakout above the upper median line (uml) and through 1.8599 could bring new long opportunities.Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}