The GBPAUD ended its bullish rally by recording the initial target at 2.1035, facing 161.8%Fibonacci extension level, to form an intraday barrier against the attempts of resuming the bullish attack, which explains the negative rebound to 2.0915.

 

Note that the attempt of forming extra support at 2.0780 level will reinforce the chances for gathering the required positive momentum, to surpass the mentioned barrier, then begin targeting new bullish stations by its rally towards 2.1085 and 2.1150.

 

The expected trading range for today is between 2.0865 and 2.1035

 

Trend forecast: Fluctuated