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GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.9154, 1.9165, 1.9228

Key Support Levels: 1.8973, 1.8918, 1.8836

Daily Time-frame:

The price on the higher time frame showed good bullish movement for the past few weeks and tried to break the high of 1.9154 but faced rejection below that level. Price did a retest to the lower trendline and has now broken a minor resistance point of 1.8983 we expect it to sustain above that.

GBP/AUD Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price has broken the downtrend and reversed the trend. Price is currently moving in an upward trajectory with the formation of higher lows and has broken a minor resistance of 1.9027. We expect a good bullish move in this pair.

Signal Idea:

Buy Stop Order @ 1.9050

TP 1 @ 1.9149

TP 2 @ 1.9242

Stop Loss @ 1.8985

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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