GBPAUD transformed its chart quickly from bearish to bullish!

GBPAUD transformed its chart quickly from bearish to bullish!

During the opening of the Market today, GBPAUD created a clear bearish breakout structure and later canceled that breakout.

From the chart we can see a false bearish breakout and GBPAUD is already positioned for a bullish move.

The bullish move is very aggressive and the price increased by almost 135 pips in just 2.5 hours.
After a short pause, GBPAUD should increase further to 2.0650 and 2.0740.

You may find more details in the chart!
Thank you and Good Luck!

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