GBPAUD pair shows an upward trend since March 2013. Since then the price moves in the trend channel which was tested on last Monday. Recently this trend line was tested in early June 2015.
Meanwhile, on the 4-hour interval we have spotted a simple harmonic ABCD correction where CD = 88,6% * AB. The overwhelming bullish response shows that the main trend it is not threatened and further transactions should be opened in accordance to the prevailing upward trend.
