The GBPAUD pair confirmed its ability to withstand negative pressure by posting another positive close above the support level at 1.8815. The pair is currently forming a temporary sideways fluctuation, stabilizing near 1.8890.

 

stochastic’ attempt to exit oversold territory will give the price a real opportunity to regain positive momentum, making it easier to form bullish waves and begin recording further gains, with the pair expected to advance soon toward 1.8950 and 1.9030.

 

The expected trading range for today is between 1.8860 and 1.8950

 

Trend forecast: Bullish