GBPAUD: Major Breakout Confirmed
GBPAUD continues to face significant downward pressure following the break of a strong upward trend line on the 4-hour chart and a broad demand zone.
These broken structures have established an expanding supply zone, suggesting that the currency pair is likely to keep declining toward the next minor support level at 1.9440.
These broken structures have established an expanding supply zone, suggesting that the currency pair is likely to keep declining toward the next minor support level at 1.9440.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.