Various time frames and especially angle on daily that if gets to play out could blossom into a pretty decent trade setups.
As for now; newer lows extending ideally 836X and a hold comes in tempted for long side on the pair.
GBPAUD Daily - Lift off can find some decent room to run to the higher side. A break out of the channel to the higher side should spur rally..
GBPAUD 8 - Newer minor lows looks buyable for some going up north.. There's still some room as per the daily to the downside; so newer lows tempted to long on it..
GBPAUD 4 hr
GBPAUD 836X looks decent. AS per daily the range to be is 8340-6X for long side..
GBPAUD 8 hr - Updated.
Makes it 8350-60 patch initially zone with extended residing as low as 8290-8300 .. Incase this comes into play; would require a 4 or 8 hr close above 8360 to start getting comfortable on it..
Nevertheless; still a potential buy opportunity here..
GBPAUD Daily - Reaching Daily channel resis. A break could see massive short covering & a faster upswing on the pair.. Else we drag back lower... Ideally a break higher preferred...
GBPAUD 8 hr -
A little consolidation won't hurt; but fairly think we may be about to carry on the next leg higher on the pair...
A break back under to the break point and getting close under would imply this setup is likely to falter and we went back to where we started from..
GBPAUD 8 hr -
GBPAUD 2 h - Supporting 8 hr view - drop and a bounce would work out best for the bulls - more like get to regroup before next assault higher...