Contributors Technical Analysis GBP/AUD Is Still Bullish But It Needs To Break An Important Resistance

GBP/AUD Is Still Bullish But It Needs To Break An Important Resistance

The GBP/AUD has formed 2 POC zones. At this point we see a continuation to the upside from the POC zone 1.8065-90.

A drop below the POC zone should target the POC2 zone 1.7950-80. If the price bounces from any of the zones, the target should be 1.8204. This is a very important resistance as it effectively is a bullish order block. Close above 1.8205 is needed for a continuation towards 1.8245 and 1.8311. Only a drop below 1.7868 will make the pair bearish.

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