GBPAUD: Important Bullish Breakout

Let's examine the price movement of 📈GBPAUD.

Initially, there was a significant downward movement on the daily chart.
Subsequently, the market lost momentum and the price began to trade within a tight horizontal range.

Following a period of consolidation, the upper boundary of the range was violated.
This indicates a show of strength from buyers and suggests a change of character.

I anticipate that the pair could potentially rise to 1.9833 in the near future.