Despite recent negative pressures, the GBPAUD pair has consistently held above the key support level of 1.9225, reinforcing the previously suggested bullish trend.
For the bullish momentum to continue, the price needs fresh positive impetus to drive a stronger rally. The next target for upward movement is the 1.9445 level, with the potential to test resistance at 1.9570. However, if the price falls below the support line of the bullish channel and settles beneath it, the bullish outlook will be invalidated. This could lead to a decline towards lower levels at 1.9145 and 1.9060.
The expected trading range for today is between 1.9230 and 1.9400.
Trend Forecast: Bullish
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