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If we look at the 4-hour chart of the GBP/AUD cross currency pair, we can see a deviation between the price movements of these currencies which makes a Lower Low while the Awesome Oscillator indicator actually forms a Lower High so based on this fact it seems that in the near future GBP/AUD has the potential to appreciate stronger. upwards where the level of 1.9028 will try to be broken upwards if this level is successfully broken then as long as there is no significant weakening correction that breaks below the 1.8913 level then GBP/AUD will strengthen to 1.9073 as the main target and if the momentum and volatility are supportive then the 1.9104 level will be the next target to be aimed at.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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