GBPAUD Goin to 1.95 area

In this trading analysis, we will explore a potential opportunity on the GBPAUD currency pair. The analysis is centered around the concept of an ascending channel pattern, with a focus on the demand zone acting as a support level. The hypothesis suggests that the price may experience a slight increase while remaining inside ascending channel.

Its exhibited an intriguing price movement pattern characterized by ascending highs and lows, forming a well-defined ascending channel. This pattern indicates a gradual uptrend, suggesting the possibility of further price appreciation.

The demand zone, positioned strategically within the channel, adds an additional layer of significance to this analysis.

My goal is 1.94970