Hello traders,
Here’s a fresh outlook on GBPAUD (H4) as the pair continues to respect its broader bearish structure.
Both zones are ideal areas to monitor for rejection candles or signs of buyer exhaustion.
Are you expecting deeper upside correction or a continuation of the downtrend from these zones?
Here’s a fresh outlook on GBPAUD (H4) as the pair continues to respect its broader bearish structure.
Market Overview
- We recently saw strong bearish momentum, followed by the current corrective pullback.
- Price is approaching two clear resistance levels marked on the chart.
- Unless buyers break above these zones convincingly, bearish continuation remains the higher-probability outcome.
Key Resistance Zones
- 2.0340 – 2.0420 → First reaction zone where sellers may step in
- 2.0500 – 2.0570 → Major resistance level aligned with past structure
Both zones are ideal areas to monitor for rejection candles or signs of buyer exhaustion.
Primary Outlook
- Pullback → bearish continuation toward lower support areas.
- MACD remains supportive of the bearish bias, showing no strong opposing signals yet.
What’s your sentiment on GBPAUD?
Are you expecting deeper upside correction or a continuation of the downtrend from these zones?
