From TradingView · · 30s
GBP/AUD Daily Analysis
GBP/AUD holds bullish trend near 1.9020 with target 1.9230.
In brief
GBP/AUD holds bullish trend near 1.9020 with target 1.9230. GBP/AUD remains constructive after strong recovery from 1.8890, targeting 1.9230. Originally reported by TradingView.
GBP/AUD Daily Analysis
GBP/AUD remains constructive after the strong recovery from 1.8890, with price now consolidating around the 38.2%, 50% Fibonacci retracement area.
Bullish Structure
Holding above the 61.8% level near 1.9020 keeps the bullish structure intact. A renewed push above 1.9100 could target 1.9230.
Resistance Targets
Followed by the -27% Fibonacci extension and resistance zone around 1.9320, 1.9350.
The bottom line
GBP/AUD remains constructive after strong recovery from 1.8890, targeting 1.9230.
