GBPAUD - Bullish Continuation Toward 2.04040

Mar 3

GBPAUD has broken above a key resistance zone, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook.

With momentum favoring the upside, the next logical target is 2.04040, aligning with the upper boundary of the ascending channel. As long as the price remains above the support level, the bullish bias stays intact.

If you agree with this analysis or have additional insights, feel free to share your thoughts here!

Mar 3

Trade closed: target reached

Take Profit Hit