The 📈GBPAUD pair appears to have completed a consolidation phase within a broad horizontal parallel channel on a 4H chart.
The recent formation of a higher high suggests potential upward movement.
Confirmation of this trend requires the market to close above the identified resistance level, establishing a higher close.
A buying opportunity may present itself following a pullback, with a target price of 2.0937.
The recent formation of a higher high suggests potential upward movement.
Confirmation of this trend requires the market to close above the identified resistance level, establishing a higher close.
A buying opportunity may present itself following a pullback, with a target price of 2.0937.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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.