GBPAUD Will Retrace! Here is why:

hey traders,

GBPAUD still respects the boundaries of the rising channel.

on Friday pair has reached 1.87 level.
what is interesting about this level is that
first of all, it matches perfectly with the rising resistance of the channel and
secondly, we see that in the past this level was respected by the market.

following these observations there is a high chance to see a retracement to the rising support of the channel.

Target levels are 1.84 and 1.83

The safest stop is 1.88