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GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.8111, 1.8241, 1.8300

Key Support Levels: 1.8000, 1.7825, 1.7693

Daily Chart:

The price is in a clear uptrend where its showing higher highs and lows. The price today managed to break a strong resistance which is the 1.8111 USDT level. A lower correction might be seen before continuing its main direction to the upside.

GBP/AUD Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the price succeeded to break the bullish flag to the upside. A lower correction might be seen to the 1.8111 USDT level where the buyers will jump back and push the price again to the upside.

Signal Idea:

Buy Limit Order @ 1.8114

TP 1 @ 1.8224

TP 2 @ 1.8241

Stop Loss @ 1.8071

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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