Long

GBPAUD → Correction to strong support before continuing growth

is forming a range with a consolidation target after breaking the base of the ascending triangle. The pound is correcting due to the dollar

Technically, on the daily timeframe we have a strong bullish structure, the price is trying to accelerate after breaking the trend resistance, but against the background of the dollar correction the pound sterling is also making a small pullback. There are no strong fundamental changes and the general direction may continue.
At the moment the focus is on ob, located in the zone of 2.0285, as well as the liquidity zone, which is located below 2.0285 + weekly low - 2.015, which also hides a huge pool of liquidity that can be tested.

Resistance levels: 2.05088
Support levels: 2.0285, 2.0151

On the background of the uptrend and the correction to the support after the update of the maximum, we can consider the strategy - false breakdown of the support with the purpose of continuation of the growth. Emphasis on 2.0285 - 2.015

Regards R. Linda!

RLinda

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