The GBPAUD is currently in a strong bullish trend on a daily basis. Over the past three weeks, the pair has been trading within a horizontal range.
As the market opens after the weekend, the pair is showing strong bullish momentum. Breaking above the resistance line of the range suggests that a bullish accumulation has been completed.
This breach of resistance confirms the strength of buyers and suggests a likely continuation of the bullish trend.
The next resistance level to watch for is at 2.0800.
As the market opens after the weekend, the pair is showing strong bullish momentum. Breaking above the resistance line of the range suggests that a bullish accumulation has been completed.
This breach of resistance confirms the strength of buyers and suggests a likely continuation of the bullish trend.
The next resistance level to watch for is at 2.0800.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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.