GBPAUD: Detailed Technical Outlook
The GBPAUD is currently testing a trend line and horizontal structure that was recently broken.
On the 4-hour chart, the market is consolidating within a horizontal range. I will wait for a break above the resistance in order to confirm a strong bullish move.
A close above 1.9490 will confirm this break. If this happens, I expect the price to move up to at least 1.9580.
On the other hand, a break below the support of the range could lead to lower prices.
On the 4-hour chart, the market is consolidating within a horizontal range. I will wait for a break above the resistance in order to confirm a strong bullish move.
A close above 1.9490 will confirm this break. If this happens, I expect the price to move up to at least 1.9580.
On the other hand, a break below the support of the range could lead to lower prices.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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