Previously for GBPAUD, we managed to hit our take profit price at the resistance level @1.8125. After which, I mentioned that a could be a potential breakout from that resistance level. Looking at the current price movement, I see a potential movement to the upside. It was not as one directional as we thought it was previously. We managed to see a bearish movement after the movement to the resistance level. However, if we are to look at the current movement, we can see constant rejection off our MA and EMA. What we managed to see is a higher low building strength for a potential breakout of that level, bringing price possibly to the next resistance level @1.8335.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
