GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.7961, 1.7995, 1.8012

Key Support Levels: 1.7900, 1.7865, 1.7828

1-Hour Chart:

The price on the higher time frame has been in an uptrend for some time after it broke a major level of 1.7637. The pair recently pulled back and tested a level of 1.7865 before bouncing back which shows bullish bias.

GBP/AUD Medium-Term Trend: Bullish

5-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a trading range at the 1.7865 level and sustained above that. As of now the pair has broken and retested a minor level of 1.7900 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.7920

TP @ 1.7989

Stop Loss @ 1.7897

Trade Safely 🙂