GBPAUD is showing bullish potential after forming a double bottom around the key support zone at 2.0459. A bullish harmonic pattern is unfolding, with a potential move toward the 2.0720–2.0740 resistance zone. The break of the downtrend line adds confirmation, and a pullback to 2.0530–2.0550 could offer a good re-entry area. As long as price stays above 2.0450, the bullish setup remains valid. The key target is the harmonic D completion zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.