GBPAUD Chart Technical Outlook

GBPAUD Chart Technical Outlook Friday Point of Control at 1.9547, We have seen stronger GBP across the board this morning. However, with the point of control from Friday located at 1.9547, lining up with the projected resistance level for the completion of the AB leg within a BATt formation, we look for the rally to stall. Downside support is located at 1.9517 and 1.9498. We need to see a close above 1.9517 at the 13 GMT open to keep the bullish bias alive.

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