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On the 4-hour chart, the GBP/AUD cross currency pair appears to be moving below its EMA (21) and the Stochastic Oscillator indicator is in a Crossing SELL condition, so in the near future based on these two pieces of information, GBP/AUD has the potential to weaken where 2.0531 will be the main target and if the volatility and momentum of the weakening are strong enough, 2.0122 will be the next target to be tested, but all of these targets will be invalid if on its way to these targets, GBP/AUD suddenly strengthens again until it breaks through and closes above the 2.1596 level.
(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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