According to our previous GBPAUD analysis, we have explained our reason behind a huge BULLISH momentum for GBPAUD. We also managed to see a strong BULLISH movement according to our previous analysis. However, the bullish strength did not managed to hit 1.8335 resistance level as anticipated. The high that we managed to see tested the trend resistance and rejected from there. Currently, we managed to see a nice rejection from the trend support level. This gives us an opportunity to long this pair with a target at the resistance level.
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