GBPAUD Technical Analysis and Potential Trading Strategy
Updated
The GBPAUD is exhibiting a favorable potential for an upward movement. To assess possible trading opportunities, scrutinize the 4-hour chart where the current price is situated near the resistance level of 1.93339. If this level is convincingly surpassed by a robust and healthy bullish candle, it could signal an opportunity to achieve TP1. Furthermore, should the TP1 area be breached by another strong impulsive buying candle, there is a likelihood of a continued upward push towards the 1.9550 area, serving as TP2.
Trade closed: target reached
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