FenzoFx—GBP/AUD is testing the critical support level at 2.048, coinciding with the VWAP. From a technical perspective, a bullish move toward an upper resistance level is likely.
In this scenario, GBP/AUD has the potential to test the bearish FVG at approximately 2.070. Please note that the bullish outlook should be invalidated if GBP/AUD falls and stabilizes below 2.048.
In this scenario, GBP/AUD has the potential to test the bearish FVG at approximately 2.070. Please note that the bullish outlook should be invalidated if GBP/AUD falls and stabilizes below 2.048.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.