Key Support: 1.8900
Key Resistance: 1.9000
The GBPAUD has been rallying hard since the lows in September 21st to today highs. This has been a 2.08% move (385 pips) without a deep pullback and in a very structured manner.
It has respected all levels on a break-retest basis and creating perfect continuation structures along the way.
For the past couple of days price has been testing the next level of resistance and a very big psychological number, the 1.8900 level. This is also a significant pivotal level that saw big players jump in on both sides all throughout August.
After creating yet another continuation pattern, I’m jumping in long on this breakout for a test of the next key level.
The last continuation pattern that price broke saw a 111 pip move which is also the same distance from the breakout to my targets.
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
- Zero commissions and no bank fees on transactions
- Around the clock service with support in 14 languages
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
