GBPAUD💡The analysis shown in the chart displays a technical analysis of the GBPAUD currency pair on the 4-hour frame. There is a clear breach of the upper border of the channel, indicating a possible trend reversal from bearish to bullish. A “Break the Channel” area is marked to indicate where the channel has been breached.
Uptrend: If the price manages to stay above the channel, it may target the resistance levels (R.1). The other scenario: If the breakout fails, the price may return to test support areas such as (S.1). The MACD appears to be indicating a shift in momentum from bearish to bullish, supporting the breakout movement.
⛔️It is not investment advice, for educational purposes only.