Weekly;
  • Price closed with an extremely bullish candlestick and broke a major weekly demand area
  • I expect more buys this coming week

Daily;

  • Price has closed above 1.92 daily region and I expect a retest in this new weekly cycle before we head upwards
  • My targets are 1.9290 which is the next daily region

4 hour;
  • Price has formed a bullish pattern
  • However, currently I cannot see a good spot to capitalize on longs since I do not have a well defined entry region
  • Sitting on my hands as i wait to see what the week unfolds
Note
I believe that price is waiting for AUD high impact news (retail sales) before we see any form of momentum.
Major long regions are 1.9170 and 1.9125
Chart PatternsGBPAUDgbpaudanalysisgbpaudlongTrend Analysis

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