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Trading signals for #GBPAUD → The start of correction within the up-trend is possible

2023-08-14 07:45 FOREX forecast

💡Ideas For GBPAUD 🇬🇧/🇦🇺

📈 GBPAUD → The start of correction within the up-trend is possible

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GBPAUD continues to strengthen within the framework of the uptrend. The price updates the local maximum and continues to seek trend resistance

The currency pair may make a correction against the resistance of the ascending channel. The price may reach the upper boundary of the ascending range and form a false breakout or other traps for players.

Price consolidation or a reversal setup below the ascending line can be a signal to start a correction. If a correction is formed, the market will have the potential to decline to 1.95613 and even to 1.93924

Moving averages indicate a strong bullish trend.

Support levels: 1.95613, 1.93924

Resistance levels: 1.96200, trend resistance

I expect growth up to the upper boundary of the trend with the subsequent rebound and formation of correction to the support

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#GBPAUD 🇬🇧/🇦🇺

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