Time-frame H1
Since the beginning of September GBPAUD moves in a side trend between resistance at 2.2100 and support 2.1670. Break above this resistance will lead price to 2.2400 which is the last top established on 24 August. Alternatively break below this support will bring price around 2.1500 – 2.1450.
Wider view, time-frame D1
Since 2013 GBPAUD moves in an upward trend. Nearest strong resistance is around 2.2600 – 2.2800. But to get to that area bulls must break above the last high. Since April 2015 the price moves in the upward channel. Currently range of this channel is 2.1600 – 2.2500. Breaking one of these levels will set the future direction for a while.
