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Gbpaudanalysis

GBPAUD Possible further drop?The price has precisely aligned with my previous analysis, reaching the designated target level. Notably, it has breached a support level that had undergone testing on two occasions. After breaking through the support level at 1.90500, the market experienced a new low. Should it retrace to the aforementioned level and the descending trendline, I anticipate a further decline, in line with the bearish trend. A robust resistance level has also materialized, and I foresee a scenario where there's a break-and-retest. My objective lies at the support point of 1.89230.
Short
by ForexWizard01
GBPAUD Potentially BullishFX:GBPAUD has been been attempting to push higher creating some higher lows on the H4 TF. Are we going to see a continued push? That remains to be seen. My Immediate support areas: 1) 1.91936 2) 1.90541 My immediate Resistance areas (Targets) 1) 1.94971 2) 1.97279 Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results Like and follow for more
Long
by Mbjoey
GbpAud- Will it change the trend?Since last September, GbpAud was on the run, with the pair gaining 4k pips in 11 months. However, after touching the important 2.0 zone, the pair started to roll back down and gave back 1k from these 4k pips. At this moment, the pair is still in an up trend, but is trading very close to the ascending trend line and is flirting again with an old resistance zone. Yesterday's candle is a bearish engulfing that suggests a down move. Continuation to the downside could lead to a break of the trend line and, in such a case, the pair could drop to the next important horizontal level of support at 1.83
Short
by Mihai_Iacob
1
GBPAUD Long Term Selling Trading IdeaHello Traders In This Chart GBPAUD HOURLY Forex Forecast By FOREX PLANET today GBPAUD analysis 👆 🟢This Chart includes_ (GBPAUD market update) 🟢What is The Next Opportunity on GBPAUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
GBPAUD: Thoughts and AnalysisToday's focus: GBPAUD Pattern – LH Trend continuation Support – 1.8935 Resistance – 1.9185 Hi, and thanks for checking out today's analysis. The GBPAUD daily is today's focus. What has our attention is the possible continuation that's setting up. This looks to be a bearish continuation at this point, but we want to see price hit a new lower low for the week to show seller strength. The moving average is sloping down, and the RSI trading below 50 supports sellers, but we still need to see price confirm the move. If buyers can close the above 1.9185, this starts to cancel out this short idea. If sellers can get the move going, we will look to 1.8951 as a potential key resistance area (buyer support). Good trading.
Short
by Eightcap