GBP/AUD Long-Term Trend: Bullish
Key Resistance Levels: 1.9154, 1.9165, 1.9228
Key Support Levels: 1.8973, 1.8918, 1.8836
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
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.
Buy Stop Order @ 1.9050
TP 1 @ 1.9149
TP 2 @ 1.9242
Stop Loss @ 1.8985
Trade Safely 🙂