GBPAUD - BOUNCE OFF SUPPORT? HOW HIGH BEFORE RESUMING DOWNTREND?

Hey Traders, GA has been selling off lately but seems to have found support at 1.8970, a level respected back in July of this year. A bounce off this level to 1.9150/1.92500 would not surprise. However, caution with the buys as we are in a downtrend(1.8500 likely target). Watch price action around supply areas and trade accordingly.
DIONNG
DIONNG
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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.