GBP/AUD is expected to reach the level of 1.9440

13 בפבר׳

GBP/AUD presents a bullish structure on H4. After the increase in unemployment demand data for Great Britain, the market gained strength by breaking through a supply zone now turned reversal zone, where I now expect a retracement before continuing the uptrend with the target of the supply zone at the level of 1.9440. At that level, two scenarios can be evaluated: a bullish one with the breakout of the zone and the retest before continuing towards 1.96, and a second bearish scenario where a breakout of the bullish trendline is expected with a retest on the lower side of the reversal zone and a continuation short towards 1.92. Stay tuned for further updates, greetings, and happy trading to all.

13 בפבר׳

הערה

GBPAUD Target reached, now waiting the retracement

14 בפבר׳

הערה

Good reaction as I expected. Now I'm waiting for Bullock's speech tonight

15 בפבר׳

הערה

On GBPUSD will be interesting to see the UK data tomorrow morning.
In my opinion GBP could go up again

16 בפבר׳

הערה

Waiting for a retracement at the 0.62% Fibonacci level before evaluating a short entry.