GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.92505, 1.92856, 1.93289

Key Support Levels: 1.91563, 1.90165, 1.89352

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a major support level of 1.86201 and bounced back. The pair has continued to break a few resistance levels with good momentum which suggests further trend continuation.

GBP/AUD Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 1.89352 and 1.90165 and has sustained above that. As of now, the pair has broken a minor level of 1.91563 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 1.91899

TP @ 1.92436

Stop Loss @ 1.91398

Trade Safely 🙂