GBPAUD Trending Higher – Bullish Continuation Toward 2.07770
GBPAUD is currently trading within an ascending channel, maintaining a bullish structure. The price has broken above a key resistance zone which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook.With momentum favoring the upside, the price could move toward the 2.07770 level, which aligns with the upper boundary of the channel. However, a failure to hold this level could indicate a potential shift in momentum.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have! 🚀
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🟢 FREE Trading Signals: t.me/danielmtrading
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🔥 Best BROKER - Get 20% Deposit BONUS - bit.ly/41UtANI
🔥 Best Crypto Exchange - Get 45% Deposit BONUS bit.ly/43MybTA
Related publications
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.