GBPAUD | Follow-up detailsA follow-up detail on the GBPAUD that was published earlier this week (see link below for reference purposes) where we locked in around 70pips before price action took us out. Now we are at a very critical level (1.76) where a breakout of this zone (supply area) might incite a bullish continuation. However, considering the long-term bearish momentum on the higher timeframe, I am of the opinion that the price needs one more bearish move before buyers finally garner the strength to push the price to the upside.
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