GBPAUD: Intraday Bullish Reversal
GBPAUD reached a key support level on Friday and subsequently formed an inverted head and shoulders pattern, resulting in a bounce and a break above a descending trend line.
This signals strong buying momentum and implies that the market may continue to rise.
The next resistance level to monitor is at 1.9424.
This signals strong buying momentum and implies that the market may continue to rise.
The next resistance level to monitor is at 1.9424.
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