GBPAUD is approaching our first support at 1.7949 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.8168 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement).
Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (34) is also seeing a bullish exit and is approaching its support where a bounce off this level might see a corresponding rise in price.
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