GBPAUD → The start of correction within the up-trend is possible

GBPAUD continues to strengthen within the framework of the uptrend. The price updates the local maximum and continues to seek trend resistance


The currency pair may make a correction against the resistance of the ascending channel. The price may reach the upper boundary of the ascending range and form a false breakout or other traps for players.
Price consolidation or a reversal setup below the ascending line can be a signal to start a correction. If a correction is formed, the market will have the potential to decline to 1.95613 and even to 1.93924
Moving averages indicate a strong bullish trend.

Support levels: 1.95613, 1.93924
Resistance levels: 1.96200, trend resistance
I expect growth up to the upper boundary of the trend with the subsequent rebound and formation of correction to the support

Regards R. Linda!