GBPAUD LONG SET - DISTRIBUTION

GBPAUD - After a strong bullish movement over the months from 1.6000 ( MAR 19' ) settling in at 1.87200 (MAY 19')

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GBPAUD finds itself in a distribution phase after this bullish trend to the upside of 1.87200.
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The overall bullish momentum carries over to the Daily with an upside from support of 1.81500, locking in Daily resistance around the 1.84100 zone and 1.86650 respectively - This comes just shy of Monthly Resistance at 1.87200 - a key point for this pair.
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Below linked Monthly & Daily overview of distribution phase.
Economic CyclesgbpaudlonggbpaudsetupgoldgrouphowtostartforexhuracanhuracanfxlearnforexlearntotradeforexLONGSupport and ResistanceTrend Analysis

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