GBPAUD: Important Bullish Breakout
Let's examine the price movement of 📈GBPAUD.
Initially, there was a significant downward movement on the daily chart.
Subsequently, the market lost momentum and the price began to trade within a tight horizontal range.
Following a period of consolidation, the upper boundary of the range was violated.
This indicates a show of strength from buyers and suggests a change of character.
I anticipate that the pair could potentially rise to 1.9833 in the near future.
Initially, there was a significant downward movement on the daily chart.
Subsequently, the market lost momentum and the price began to trade within a tight horizontal range.
Following a period of consolidation, the upper boundary of the range was violated.
This indicates a show of strength from buyers and suggests a change of character.
I anticipate that the pair could potentially rise to 1.9833 in the near future.
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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.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.