Despite the continuation of the main indicators’ contradiction, the stability of the GBPAUD price above 1.9055 level supports our previously expected bullish scenario, recording extra gains by reaching 1.9400.
The price needs a new bullish momentum, to settle above 1.9325 level, to confirm its readiness to form a new bullish rally by targeting 1.9380 level initially, to extend the trading towards the next target at 1.9510 which forms a strong obstacle against the bullish attempts in the upcoming trading.
The expected trading range for today is between 1.9200 and 1.9380
Trend forecast: Bullish
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