GBPAUD LONG SET - DISTRIBUTIONGBPAUD - After a strong bullish movement over the months from 1.6000 ( MAR 19' ) settling in at 1.87200 (MAY 19')
GBPAUD finds itself in a distribution phase after this bullish trend to the upside of 1.87200 .
The overall bullish momentum carries over to the Daily with an upside from support of 1.81500 , locking in Daily resistance around the 1.84100 zone and 1.86650 respectively - This comes just shy of Monthly Resistance at 1.87200 - a key point for this pair.
Below linked Monthly & Daily overview of distribution phase.
