GBPAUD Intra Week Outlook

Daily: We can see that the market has touched the ascending trendline for the 3rd time, which matches with the fibo retracement critical level of 78.6%. Furthermore, current market consolidation is respecting the minor support and resistance levels (denoted in the small dotted lines) and it shows some bullish power coming in.

Trade makes for some good Risk to Reward and TP level has to take out the previous structural highs.

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