Based on a very simple technical analysis, I have come to realize that we can potentially see an Upward movement. If you consider entering a long position be sure to wait for the retest on the light blue zone.
Controversially, we could see the price reach the 1.12 zone and potentially enter a short position. Always wait for the retest.
ALWAYS WAIT FOR THE RETEST and MANIPULATION.
Be extremely patient and USE risk management and constantly read the news and try to understand if a currency will be appreciating or depreciating depending on the news.
Today's price represents all the news and has been seen in the past.
We should wait for a retest on the light blue region in order to consider a short position. SL will depend on how the price will perform in the next few hours as there are some key support levels. Obviously, if the price break to the upside do not enter a short position, I might be considering taking a long position, even though the R: R is little and a gain of...
I think that GBPAUD will appreciate before continuing its downtrend. However, we might see a restest before the bullish move. Optimal to wait for a retest of the 1.83 level.
TP1 : 1.845
TP2 : 1.855
