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GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.92289, 1.92598, 1.92915

Key Support Levels: 1.91534, 1.90931, 1.90399

Daily Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 1.89497 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 broke a consolidation zone of 1.90399 and 1.90931 and has sustained above that. As of now the pair has broken a minor level of 1.91534 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.91859

TP @ 1.92265

Stop Loss @ 1.91451

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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