The GBPAUD confirmed the stability of the bullish scenario by providing positive close above the support of the bullish channel at 2.0260, taking advantage of providing positive momentum by stochastic, to notice its rally towards 2.0610, attempting to surpass 23.6%Fibonacci correction level.

 

The continuation of facing the positive pressures will ease the mission of surpassing the moving average 55 near 2.0610, opening the way for recording several gains that might extend towards 2.0695 and 2.0765.

 

The expected trading range for today is between 2.0465 and 2.0610

 

Trend forecast: Bullish