GBPAUD | Bouncing from Support

GBPAUD is trading in a bullish parallel channel and making good higher highs and higher lows. The current price action is on the bottom of the parallel channel. We are expectings bulls to be active and push the price to the recent high first and then may reach to the channel top

To negate this view, the bears must ruin the show by bringing the price to atleast low of channel support and break below it.

Trade your levels accordingly.