The GBPAUD is currently exhibiting a bearish trend, but there are signs that the price may retest the resistance zone before continuing the downside move.
Resistance Zone: 2.0800 – 2.1000
To be watched around previous swing lows If the price closes above 2.1000, it may indicate a bullish breakout and price could potentially push higher. However, if the price fails to close above 2.1000 and shows rejection around the 2.0800–2.1000 zone, we could see a resumption of the bearish trend.
The recent AUD weakness due to macroeconomic events possibly related to risk sentiment, RBA statements, or global factors might indirectly affect GBP pairs through risk-off flows, but remember, if you meant USD strength or AUDUSD impact.
If You Like this idea if you have on Opinion about this analysis share in comments.
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✅ Conclusion:
Watch for:
Price action around 2.0800–2.1000 resistance
Candle close confirmation on 1H/4H or Daily timeframe
Any macroeconomic news affecting USD or GBP, like BoE rate statements or US inflation data.
Let me know if you want this paired with a chart breakdown or a trading idea (buy/sell setup) with stop-loss and take-profit levels.
Resistance Zone: 2.0800 – 2.1000
To be watched around previous swing lows If the price closes above 2.1000, it may indicate a bullish breakout and price could potentially push higher. However, if the price fails to close above 2.1000 and shows rejection around the 2.0800–2.1000 zone, we could see a resumption of the bearish trend.
The recent AUD weakness due to macroeconomic events possibly related to risk sentiment, RBA statements, or global factors might indirectly affect GBP pairs through risk-off flows, but remember, if you meant USD strength or AUDUSD impact.
If You Like this idea if you have on Opinion about this analysis share in comments.
---
✅ Conclusion:
Watch for:
Price action around 2.0800–2.1000 resistance
Candle close confirmation on 1H/4H or Daily timeframe
Any macroeconomic news affecting USD or GBP, like BoE rate statements or US inflation data.
Let me know if you want this paired with a chart breakdown or a trading idea (buy/sell setup) with stop-loss and take-profit levels.
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✅My Free Signals
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.