GBPAUDOANDA:GBPAUD Peaked out at 2.00406 breaking the 1.99753 of August 2023. Price is currently consolidating within the range of 1.94878 (as upper boundary) and 1.93170 (as the lower boundary). A break on either side could trigger the next phase we might experience in the market.
That said, I will prefer to see a continued push to the lower side to sustain the already forming down trend. Until we see a breakout for sure we wait for what the market will tell us.