Hi folks today we are taking a look at GBPAUD smaller time frame 2H. As you can see, the strong downtrend is broken and bulls are in charge right now but if the whole trend is reversed, and then the chart price goes above the Fibonacci 0.50 most of the time there will be a consolidation movement. Now we are looking forward to short on GBPAUD until fib 0.38 which is 0.87700.