GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.93105, 1.93512, 1.93798

Key Support Levels: 1.92405, 1.91682, 1.91062

Daily Chart:

The price on the higher time frame has recently been in an uptrend 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 1.91062 and 1.91682 and has sustained above that. As of now the pair has broken and retested a minor level of 1.92405 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 1.92639

TP @ 1.93077

Stop Loss @ 1.92201

Trade Safely 🙂