GBP/AUD’s Triangular Breakout: Targeting 2.0104 & 2.0237

25 feb

GBP/AUD appears to be breaking out of a contracting triangle on the 4-hour chart, signaling a potential bullish continuation. Following the pair’s recovery from the trendline support near the mid-1.97 region, price has pushed above key descending trendlines. This move aligns with the Fibonacci extensions on the chart, suggesting an initial upside target near Expect Level 1 (2.0104) and a further rally to Expect Level 2 (2.0237). As long as GBP/AUD remains above the breakout zone around 1.99–2.00, the bullish momentum is likely to persist.

26 feb

Trade chiuso: obiettivo raggiunto

Expect Level 1 Reached