As we approach the weekend I suggest this is a chart you should keep in your watchlists for next week (and beyond) for bullish setups.

GBPAUD

Since breaking through the upper Channel and 200MA, GBPAUD hasn't looked back. At this rate we could be hitting 2AUD within a couple of weeks, however I expect price to stall around the 1.88 and leading up to 1.91 areas of resistance, so this may see a slow-down in the bullish run.

Regardless, D1 (and lower timeframes) continue to favour bullish setups at support levels and is certainly one to keep in your watch list for next week.

The chart below includes weekly and monthly pivot levels which will both be recalculated as their respective period end, so this should provide clearer level of confluenctial support zones to consider buy setups once we see any pullbacks on your favoured timeframe.

One thing is for certain - it is good to see volatility return with established trends.

GBPAUD

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