GBP/AUD: Important Decision Ahead

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GBP/AUD: Important Decision AheadBritish Pound/Australian DollarFX:GBPAUDlinofx1The GBPAUD is currently consolidating within a horizontal parallel channel on the 4-hour timeframe. It is anticipated that a bearish accumulation is occurring before a significant downward movement. Confirmation to sell the market would involve a bearish breakout and a 4-hour candle closing below the support level(1.8805.) Following this, a strong downward movement would be expected.