GBPAUD at Key Resistance: Correction Ahead?

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GBPAUD is approaching a key resistance zone, a level that could act as a potential turning point for the pair. As price moves into this area, bullish momentum may face exhaustion, creating the possibility for a reversal if sellers step in.

If bearish confirmation appears, such as rejection candles or a bearish engulfing pattern, I anticipate a pullback targeting the 1.9863 level. This area represents a logical target within the current market structure, reflecting a possible short-term correction.

This setup aligns with the idea of trend exhaustion near resistance. If you agree with this analysis or have additional insights, feel free to share your thoughts!

30 Oca

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