GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.96712, 1.97512, 1.97952

Key Support Levels: 1.95199, 1.93260, 1.92449

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 1.92449 and 1.93260 and has sustained above that. As of now the pair has broken and retested a minor level of 1.95199 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.95809

TP @ 1.96815

Stop Loss @ 1.95044

Trade Safely 🙂