Hey guys!
In this analysis we can see that there is a strong case to be made for shorting GBPAUD. There has been been 3 previous points at this level of Resistance. July 2021, January of 2022 & June of 2023.
We can also look at the RSI which is showing us a bearish divergence as its making lower highs while the price action is giving us higher highs.
Were due...
In this analysis, we see that in the 2021 bull run the price action has similar structure to the 2023 bull run. There's also a bearish divergence on the RSI which could lead to a reversal in price action