Facts: GBPAUD is trading above the 100-period moving average from D1 interval The pair broke above the resistance at 1.9190 The pair invalidated 1:1 structure
Recommendation: Trade: Long position on GBPAUD at market price Target: 1.9735, 2.0000 Stop: 1.9140
Opinion: GBPAUD has been trading in a downward trend since April 2025, but the pair may be experiencing a trend reversal. Looking at the pair at the D1 interval, one can see that the price broke above the upper limit of the 1:1 structure which, according to the Overbalance strategy, may herald a resumption of an upward trend. As long as the price sits above 1.9190, the further upward move is the base case scenario. We recommend going long GBPAUD at market price with two targets: 1.9735 and 2.0000. We also recommend placing a stop loss at 1.9140. Source: xStation5
