# GBPAUD Potential Pullback (Nov 7, 2014) Source: https://www.tradersway.com/resources/market-info/gbpaud-potential-pullback-nov-7-2014/ Language: en Updated: 2014-11-07 Description: Explore GBPAUD Potential Pullback (Nov 7, 2014). GBPAUD recently. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. GBPAUD recently made a strong upside break past resistance at the 1.8400 major psychological level and may be due for a retracement. The Fib levels based on the latest swing low and high on the 1-hour chart show that the 50%-38.2% area lines up with the 1.8350-1.8400 potential support zone. A bounce from this region could lead to a rally back to the pair’s previous highs near the 1.8700 major psychological mark while a selloff could still find a floor at the 61.8% Fib or 1.8300 handle. However, a break below the Fib levels would indicate that a longer-term selloff is taking place. Strong buying momentum might lead to a break past the previous highs and the creation of new ones, possibly until the 1.8900 mark. There are no major event catalysts left for a strong move until the end of the week though. ![GBPAUD Potential Pullback (Nov 7, 2014)] Fundamental factors suggest that the bias is a sideways move for the time being, as both BOE and RBA gave off dovish biases in their recent rate statements. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/gbpaud-potential-pullback-nov-7-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/gbpaud-potential-pullback-nov-7-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/gbpaud-potential-pullback-nov-7-2014/", "headline": "GBPAUD Potential Pullback (Nov 7, 2014)", "inLanguage": "en", "datePublished": "2014-11-07T07:54:35+00:00", "dateModified": "2014-11-07T07:54:35+00:00", "articleSection": "Market Info", "description": "Explore GBPAUD Potential Pullback (Nov 7, 2014). 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