Technical Analysis
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GBPAUD-1

GBPAUD Daily

GBPAUD is in daily uptrend and currently trading at MR2. I'm expecting a short term buy towards daily resistance level, that could potentially form into double top for bears.

GBPAUD H4

On H4, price is trading in a narrow range. I'd be looking to enter somewhere between 50%-61.8% level in confluence with H4 support and WM2 as my entry zone. Alternatively, for a conservative approach, I'd wait for price to break and close above trendline as breakout confirmation with profit target at daily resistance level.

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