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GBPAUD: Longs to 1.80250!

Daily Time Frame: Starting on the higher time frame we can see price has cleared strong areas of resistance and testing as new support. Reading the previous daily closure, we can see that price is reacting to 1.78750 key psychological support.


4hr Time Frame: Scaling down we can see price is testing support in confluence with the trend. If price manages to react, we will be looking for longs to 1.80250. However, if price breaks support and the uptrend, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.


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