FX.co ★ GBPAUD H1: Bearish Rectangle

According to the chart of H1, GBPAUD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.8813 - 0.0000 and support 1.8733 – 1.8733. In case the resistance level 1.8733 - 1.8733 is broken, the instrument is likely to follow the bearish trend.