Today we take a look at GBPAUD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure as it holds above the ascending trendline support. We could potentially see a bounce at buy entry level, which is in line with our 61.8% Fibonacci retracement, and further rise up towards our take profit levels, which is in line with 61.8% Fibonacci retracement and horizontal swing high resistances.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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