GBPAUD Potential channel breakout to the downside

21 พ.ย. 2024

GBPAUD is exhibiting bearish momentum, characterized by lower lows and lower closes. The pair is currently testing the previous daily low; a close below this level could lead to a decline toward the channel's lower boundary. The previous day's candle featured a long tail, indicating potential for a retest of the round number at 1.9300. If bearish momentum persists, the price may break through the channel and move lower. The target is the support level at 1.9310

22 พ.ย. 2024

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GBPAUD target reached!

Price dropped over 160 pips since the analysis was published