💱 GBPAUD - Consolidation after breaking trend resistance
GBPAUD breaks the resistance of the descending channel and forms consolidation. The market is forming a support retest before the upward jerk. Most likely, there is still not enough liquidity for growth, although the pound sterling has been showing bullish dynamics lately.
Prerequisites for further growth:
1) Bearish channel resistance breakdown
2) A symmetrical triangle is being formed
3) Break of the triangle resistance will give a signal, the impulse will start.
4) Pound sterling is fundamentally stronger than the Aussie.
Key resistance: 1.9338
Key support: 1.8971
Prerequisites for further growth:
1) Bearish channel resistance breakdown
2) A symmetrical triangle is being formed
3) Break of the triangle resistance will give a signal, the impulse will start.
4) Pound sterling is fundamentally stronger than the Aussie.
Key resistance: 1.9338
Key support: 1.8971
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