GBPAUD has shown a clear rejection from the key supply zone around 2.1075, forming a lower high after a failed attempt to retest recent highs. This price action confirms weakness and opens the door for a potential bearish continuation.
Key Technical Zones:
Current Price: 2.0867
Resistance Zone (Supply): 2.1075 – 2.1336
Support Targets:
TP1: 2.0636 (structure support)
TP2: 2.0335 (demand zone)
Bearish Confluence Factors:
✅ Strong rejection from previous breakout zone
✅ Bearish engulfing setup forming under resistance
✅ Price structure showing lower highs and loss of bullish momentum
✅ Potential head and shoulders breakdown pattern forming
Trade Setup Idea:
📉 Bias: Bearish below 2.1075
📌 Entry Trigger: Breakdown below recent lows (~2.0820)
🎯 Target 1: 2.0636
🎯 Target 2: 2.0335
🛑 Invalidation Zone: Break and close above 2.1075
Conclusion:
GBPAUD looks poised for a downward continuation if the current rejection holds. A confirmed break below support could see price moving toward the 2.0636 and 2.0335 zones. Watch for clean bearish candle closes for added confirmation.
Key Technical Zones:
Current Price: 2.0867
Resistance Zone (Supply): 2.1075 – 2.1336
Support Targets:
TP1: 2.0636 (structure support)
TP2: 2.0335 (demand zone)
Bearish Confluence Factors:
✅ Strong rejection from previous breakout zone
✅ Bearish engulfing setup forming under resistance
✅ Price structure showing lower highs and loss of bullish momentum
✅ Potential head and shoulders breakdown pattern forming
Trade Setup Idea:
📉 Bias: Bearish below 2.1075
📌 Entry Trigger: Breakdown below recent lows (~2.0820)
🎯 Target 1: 2.0636
🎯 Target 2: 2.0335
🛑 Invalidation Zone: Break and close above 2.1075
Conclusion:
GBPAUD looks poised for a downward continuation if the current rejection holds. A confirmed break below support could see price moving toward the 2.0636 and 2.0335 zones. Watch for clean bearish candle closes for added confirmation.
Note
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📊 Forex Signals | Free Daily Alerts
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
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ultreosforex.com/
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
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.