💱 GBPAUD - Attempting a trend change. Waiting for confirmation
GBPAUD breaks the resistance of the downtrend, which increases the bullish interest. False breakdown is unlikely, correction before further growth is possible
Prerequisites for further growth:
1) GBP is fundamentally strengthening on the back of geopolitics
2) The price breaks the descending resistance and forms an impulse
3) Before reaching the local target the market turns around - a classic MM maneuver before further growth (market traps)
4) Price has left the oversold zone, volumes indicate the absence of sellers.
Key resistance: 1.9195
Key support: 1.9090
Prerequisites for further growth:
1) GBP is fundamentally strengthening on the back of geopolitics
2) The price breaks the descending resistance and forms an impulse
3) Before reaching the local target the market turns around - a classic MM maneuver before further growth (market traps)
4) Price has left the oversold zone, volumes indicate the absence of sellers.
Key resistance: 1.9195
Key support: 1.9090
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