GBPAUD - mid 83XX likely to find support for some meaningful bounce.. Various time frames and especially angle on daily that if gets to play out could blossom into a pretty decent trade setups. As for now; newer lows extending ideally 836X and a hold comes in tempted for long side on the pair.
i.imgur.com/mhzlWen.png GBPAUD Daily - Lift off can find some decent room to run to the higher side. A break out of the channel to the higher side should spur bullish rally..
i.imgur.com/dO5yFYF.png GBPAUD 8 - Newer minor lows looks buyable for some going up north.. There's still some room as per the daily to the downside; so newer lows tempted to long on it..
Makes it 8350-60 patch initially zone with extended residing as low as 8290-8300 .. Incase this comes into play; would require a 4 or 8 hr close above 8360 to start getting comfortable on it.. Nevertheless; still a potential buy opportunity here..
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i.imgur.com/7khkkoP.png GBPAUD Daily - Reaching Daily channel resis. A break could see massive short covering & a faster upswing on the pair.. Else we drag back lower... Ideally a break higher preferred...
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GBPAUD off 8 hr - Already posted resis likely on Friday's surge.. Nevertheless all eyes on the GBP; whether it falters off the resis as shown over the daily or its on for some more upside.. Upside would indicate a break on the GBPAUD coming as well..
We done initial break off the last updated chart..and well in accordance to it; we should ideally test the break point - see it holding the lvl and get back on to surging.. A little consolidation won't hurt; but fairly think we may be about to carry on the next leg higher on the pair... A break back under to the break point and getting close under would imply this setup is likely to falter and we went back to where we started from..
i.imgur.com/zBprRiH.png GBPAUD 2 h - Supporting 8 hr view - drop and a bounce would work out best for the bulls - more like get to regroup before next assault higher...