GBPAUD is in a bearish trend, making lower lows, and is pulling back toward the resistance zone and channel border. Recently, the price experienced a false breakout above the previous day's high. A retest of the 1.9500 psychological level may lead to another false breakout at the channel border before continuing downward. The target is the support zone around 1.9240
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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.