The GBPAUD pair continues to trade within a well-defined descending channel, with every bullish attempt being firmly rejected by the descending trendline. Recent candlesticks show a clear sell signal right at the FVG resistance zone.
Market-moving news:
Australia’s manufacturing PMI surprised to the upside → strong support for AUD
GBP remains under pressure after dovish comments from the BoE, diminishing hopes of further rate hikes.
If the price fails to break above the 2.0640 zone — creating yet another fake top — a sharp drop toward 2.0400 is highly likely.
Strategy: Look to SELL near the trendline and FVG zone, targeting 2.0400.
Market-moving news:
Australia’s manufacturing PMI surprised to the upside → strong support for AUD
GBP remains under pressure after dovish comments from the BoE, diminishing hopes of further rate hikes.
If the price fails to break above the 2.0640 zone — creating yet another fake top — a sharp drop toward 2.0400 is highly likely.
Strategy: Look to SELL near the trendline and FVG zone, targeting 2.0400.
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🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.