My BIAS for GBP/AUD in the upcoming week will be a BUY.
My reasons behind this are that we had 1.A previous ascending channel which has been broken and rested with a strong Bullish Engulfing Candle following the retest. 2.We are currently travelling above a recent Supply Zone and also a strong daily resistance which we've also seen act as support at 1.81300.
I will be looking to enter this trade upon a retest of our Daily Resistance with targets of 1.82500 (120 Pips)