GBPAUD: POC Zone

GBPAUD, H4

GBPAUD tests the crucial resistance at the 1.9590 level and POC zone.

The 100-MA gives an additional layer of resistance, while the Momentum oscillator crosses the mid-line up, giving a mixed sentiment.

If the price breaches above the upper border of pattern, it will rise to 1.9800 and VAL.
However, if GBPAUD breaks below the lower border, the asset may fall to 1.9430 and VAH.

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Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul