Inacio_1998

GBPAUD OVERVIEW for the week commencing on 21st June 2021

FX:GBPAUD   British Pound / Australian Dollar
Weekly Chart Closure - strong bullish momentum on candle closure, creating an morning star pattern on the Weekly chart. Daily Chart - currently in an uptrend, market wicked to 38.2% which is in line with previous level of resistance (which the projection now would be -27% which is around the 1.86000 area).
H4 Chart - Break of small range area to the upside, showing signs to continue bullish momentum.
30m Chart - in a uptrend retraced 50% and rejected projection would be -27 (1.85500), ideally would like to see another touch of the support level to try and get involved with the long opportunities or see a break of the resistance level and a pullback after that.

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