GBPAUD - Signaling Further Downside Potential

GBPAUD is forming bearish continuation patterns, signaling further downside potential.

Since May 1st, the price has been in a larger accumulation phase.

A new bearish pattern is emerging within the 2.0490 - 2.0770 range.

If the price follows the red scenario, this pattern may continue to develop more before the bearish trend resumes again.

However, a break below 2.0490 could trigger a stronger bearish wave, pushing GBPAUD lower toward key targets as shown from the scenario in blue:

🔹 Target 1: 2.0350 🔹 Target 2: 2.0150

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

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