The GBPAUD fluctuates below the barrier – Analysis – 24-5-2023

The GBPAUD pair attempted to renew the positive action by rallying towards 1.8935 level, attempting to postpone the correctional bearish attack, reminding you that 1.9020 level continues to form additional barrier to increase the chances of gathering the negative momentum and activate the correctional bearish track, waiting to target 1.8640 followed by reaching the key support 1.8470 level.

Gathering the positive momentum and rallying above the mentioned barrier will cancel the bearish bias and open the way to record additional gains that might extend towards 1.9150 followed by reaching the next positive target at 1.9360.

The expected trading range for today is between 1.8910 and 1.8700

The expected trend for today: Bearish