GBPAUD: Potential Head and Shoulders PatternGBPAUD: Potential Head and Shoulders Pattern
GBPAUD is showing a possible Head and Shoulders pattern on the 4-hour timeframe. The pattern suggests a possible trend reversal and a decline in GBP.
The pattern is almost complete, but this week has very low volume and could develop further.
Once the price breaks below the neckline of the pattern, a further decline should occur.
The main targets I am watching:
2.07500; 2.06750 and 2.05500
If the pattern develops as expected, GBPAUD could gradually decline towards the stated targets. However, the strength of this move will depend on market volume and conditions, as well as fundamental factors such as US tariffs or UK economic data.
You may find more details in the chart!
Thank you and Good Luck!
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AUDGBP trade ideas
Bearish drop?GBP/AUD is rising towards the pivot, which is a pullback resistance and could drop to the 1st support, which is also a pullback support.
Pivot: 2.0898
1st Support: 2.0797
1st Resistance: 2.0946
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GBPAUD. Potential Downside. I'm looking to buy the AUD TVC:AXY Inflation and GDP are both within target, and economic indicators are positive. Whereas most other economies are facing potential stagflation or are giving off mixed signals.
The GBPAUD is testing key resistance levels. A monthly horizontal channel resistance and a horizontal resistance (chart one).
On the daily, price action has formed a head and shoulders reversal pattern (chart two).
I'm short!
OANDA:GBPAUD
GBPAUD – Tuesday, June 3rd, 2025🔹 Overview:
Price respected our HRHR level of 2.08585, bouncing perfectly and offering a clean 97+ pip rally. Momentum remains bullish, and structure is intact.
🔹 Current Structure:
Strong bullish continuation
No sign of pullback to retest entry zone
Clean break above intraday resistance now opens door for safe continuation buys
🔹 Key Levels:
✅ HRHR Buy (Played): 2.08585
🔓 Safe Buys: 2.10019
🛡 Safest Buys: 2.11992
🎯 Main Target: 2.15583
📌 Plan:
Let current position run if still in
Look for clean break above 2.10019 for safe add-ons
Break above 2.11992 opens path to 2.15583 continuation
🔸 Bias: Strongly bullish
🔸 Outlook: Momentum-driven long continuation
GBPAUD INTRADAY bullish above 2.0700The GBPAUD currency pair continues to exhibit a bullish price action bias, underpinned by a well-established rising trend. Recent intraday movements indicate a sideways consolidation, suggesting the pair may be preparing for the next directional move.
Key Support Level: 2.0700
This level represents a significant area of prior consolidation and now acts as critical support. A corrective pullback toward 2.0700 could offer a bullish re-entry point if price action confirms support.
Bullish Scenario (on rebound from 2.0700):
A successful bounce from 2.0700 could re-ignite upward momentum.
Upside resistance targets include:
2.1280 – Previous swing high
2.1500 – Intermediate resistance
2.1650 – Long-term bullish objective
Bearish Scenario (if 2.0700 is broken):
A daily close below 2.0700 would invalidate the current bullish structure. In such a case:
Next support lies at 2.0500
Deeper retracement could test 2.0400, potentially altering the medium-term outlook
Conclusion
The broader outlook for GBPAUD remains bullish, supported by trend continuation and consolidative price action. The 2.0700 level is key — a sustained hold above this level favors further upside toward the 2.1280–2.1650 range. However, a confirmed breakdown below 2.0700 would undermine the bullish case, opening the path for a corrective pullback toward the 2.0500–2.0400 support zone. Traders should watch for price confirmation around the 2.0700 level to assess directional conviction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GBP_AUD MOVE DOWN AHEAD|SHORT|
✅GBP_AUD has retested a key resistance level around 2.1034
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 2.0859 is likely
SHORT🔥
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GBPAUD The Target Is UP! BUY!
My dear subscribers,
GBPAUD looks like it will make a good move, and here are the details:
The market is trading on 2.0849 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.0898
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBP/AUD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/AUD is making a bearish pullback on the 6H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 2.095 level.
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GBPAUD: Will Start Growing! Here is Why:
Looking at the chart of GBPAUD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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GBP-AUD Local Long! Buy!
Hello,Traders!
GBP-AUD will soon hit
A horizontal support
Of 2.0780 and as it is
A strong level we will
Be expecting a bullish
Rebound and a move up
Buy!
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GBP/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/AUD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.041.
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GBPAUD: Short Trading Opportunity
GBPAUD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry - 2.1007
Stop - 2.1088
Take - 2.0850
Our Risk - 1%
Start protection of your profits from lower levels
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GBPAUD is preparing for a false breakout GBPAUD after forming a triple bottom rose by 2.5% and almost reached the key resistance at 2.103. The last, rather sharp impulse did not leave energy for continuation of growth. The probability for a false breakout and reversal is high
Scenario: a breakout of 2.103 resistance and a slight consolidation above the level followed by a return below 2.103 will make us realize that the price is not ready to go up. In this case, we should wait for a fall to 2.09 - 2.078.