# GBPAUD Triangle Resistance (Oct 26, 2017) Source: https://www.tradersway.com/resources/market-info/gbpaud-triangle-resistance-oct-26-2017/ Language: en Updated: 2017-10-26 Description: Explore GBPAUD Triangle Resistance (Oct 26, 2017). GBPAUD has been. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. GBPAUD has been on a strong climb recently and may have enough momentum to break past its symmetrical triangle resistance around 1.7200. The chart pattern spans 1.5900 to 1.7700 so the resulting uptrend could be of the same size. The moving averages are still oscillating to reflect consolidation action on the daily time frame but the 100 SMA is starting to cross below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This means that the resistance is more likely to hold than to break. If so, GBPAUD could head back to the triangle support currently at 1.6500-1.6600. Stochastic is heading north but is already in the overbought zone, so profit taking could force the rally to pause. UK economic data turned out better than expected, though, as the economy grew by 0.4% in Q3 according to the preliminary GDP release. This is higher than the estimated 0.3% expansion and the earlier 0.3% growth figure. Meanwhile, the Aussie was previously weighed down by weaker than expected quarterly CPI. Headline inflation rose 0.6% versus 0.8% while the trimmed mean CPI was up 0.4% versus 0.5%. This could keep a lid on RBA tightening expectations while rising inflation in the UK increases the pressure on the BOE to act. ![GBPAUD Triangle Resistance (Oct 26, 2017)] Earlier today, Australia reported a 1.6% slump in import prices for Q3, further weighing on inflation prospects. Only the CBI realized sales index is lined up from the UK but a drop from 42 to 14 is eyed, which might be pound bearish. *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-triangle-resistance-oct-26-2017/#primary", "url": "https://www.tradersway.com/resources/market-info/gbpaud-triangle-resistance-oct-26-2017/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/gbpaud-triangle-resistance-oct-26-2017/", "headline": "GBPAUD Triangle Resistance (Oct 26, 2017)", "inLanguage": "en", "datePublished": "2017-10-26T08:20:34+00:00", "dateModified": "2017-10-26T08:20:34+00:00", "articleSection": "Market Info", "description": "Explore GBPAUD Triangle Resistance (Oct 26, 2017). GBPAUD has been. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/channel/UChRC072YJGlNNNYhg_0hZeA", "https://www.facebook.com/tradersway.forex.broker", "https://twitter.com/TradersWay", "https://www.instagram.com/traderswayforex/", "https://t.me/tw_eng" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/gbpaud-triangle-resistance-oct-26-2017/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "GBPAUD Triangle Resistance (Oct 26, 2017)", "item": "https://www.tradersway.com/resources/market-info/gbpaud-triangle-resistance-oct-26-2017/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```