GBPAUD daily chart has completed its rounding bottom pattern that took almost a year
It is now at critical junction to break to the up side or get rejected and plunge even more
From chart pattern point of view, the chance of break up is higher (though not absolute). Based on chart pattern project, long target will be around 1.95 IF AND ONLY IF, price move along with the "script" BUT nothing is confirmed until later
However, if price could get rejected yet another time after a false break up and plunge quickly down.
Always trade according to your own decision after your due diligence.
@trendsniper10, yep, the weaker the market, the weaker the AUD, the higher GbpAud goes up. For the time being, price needs to retest where it broke out
trendsniper10
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@jangseohee, Agree,,,,we will be out at 1.95
interesting chart