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GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.93715, 1.94022, 1.94209

Key Support Levels: 1.92927, 1.92488, 1.92015

Daily Chart:

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

GBP/AUD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 1.92488 and 1.92927 and has sustained above that. The pair has shown signs of retracement to a minor level of 1.93250

Signal Idea:

Buy Limit Order @ 1.93272

TP @ 1.93672

Stop Loss @ 1.92852

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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