💱 GBPAUD - Consolidation after breaking trend resistance
GBPAUD breaks the resistance of the descending channel and forms consolidation. The market is forming a support retest before the upward jerk. Most likely, there is still not enough liquidity for growth, although the pound sterling has been showing bullish dynamics lately.
Prerequisites for further growth:
1) Bearish channel resistance breakdown
2) A symmetrical triangle is being formed
3) Break of the triangle resistance will give a signal, the impulse will start.
4) Pound sterling is fundamentally stronger than the Aussie.
Key resistance: 1.9338
Key support: 1.8971
Prerequisites for further growth:
1) Bearish channel resistance breakdown
2) A symmetrical triangle is being formed
3) Break of the triangle resistance will give a signal, the impulse will start.
4) Pound sterling is fundamentally stronger than the Aussie.
Key resistance: 1.9338
Key support: 1.8971
❤️ Telegram channel: t.me/AndeWave
Related publications
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.