GBP/AUD Analysis - H1 Prediction for 07/02/2025

GBP/AUD Analysis - H1 Prediction for 07/02/2025

📉 Bearish Outlook with Potential Retest

🔹 Current Price: 1.97669
🔹 Key Resistance Levels:

1.98760 - 1.98859 (Supply Zone)
1.99746 - 1.99845 (Major Resistance & Liquidity)
🔹 Market Outlook:

Price is consolidating near 1.97334 - 1.97516 support zone
A break below this level may target 1.96645
Retest of 1.98760 - 1.98859 possible before further downside
🔹 Trade Setup:
✅ Sell Zone: 1.98760 - 1.98859 (Look for rejection signals)
✅ Target: 1.96645
✅ Invalidation: Sustained breakout above 1.99845

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