GBPAUD: Significant Bullish Breakout

Let’s analyze the price action of 📈GBPAUD.

The pair initially experienced a sharp downward move on the daily chart. However, momentum weakened, and the price entered a narrow horizontal range.

After a period of consolidation, the price broke above the upper boundary of the range, signaling buyer strength and a potential shift in market sentiment.

I expect the pair to potentially climb toward 1.9833 in the near future.