As we can see, GBPAUD has failed to breakout of this supply zone with BULLISH momentum losing its strength as it heads towards this demand zone. For now, I will be expecting a rejection from this demand zone with a BULLISH movement potentially breaking the resistance level @1.7872. Price have yet to breakout of this resistance level but I will be expecting a breakout of this level if BULLISH movement takeover from here. With that, we will see a BULLISH movement to test the supply zone. A breakout from this demand zone will give us a HUGE potential for a BULLISH continuation.
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