GBPAUD LONG SET - DISTRIBUTION
GBPAUD - After a strong bullish movement over the months from 1.6000 ( MAR 19' ) settling in at 1.87200 (MAY 19')
GBPAUD finds itself in a distribution phase after this bullish trend to the upside of 1.87200.
The overall bullish momentum carries over to the Daily with an upside from support of 1.81500, locking in Daily resistance around the 1.84100 zone and 1.86650 respectively - This comes just shy of Monthly Resistance at 1.87200 - a key point for this pair.
Below linked Monthly & Daily overview of distribution phase.
GBPAUD finds itself in a distribution phase after this bullish trend to the upside of 1.87200.
The overall bullish momentum carries over to the Daily with an upside from support of 1.81500, locking in Daily resistance around the 1.84100 zone and 1.86650 respectively - This comes just shy of Monthly Resistance at 1.87200 - a key point for this pair.
Below linked Monthly & Daily overview of distribution phase.
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