GBPAUD - Weekly forecast, Technical Analysis & Trading Ideas

Midterm forecast:

• While the price is below the resistance 2.02967, beginning of downtrend is expected.
  
• We make sure when the support at 1.94297 breaks.
  
• If the resistance at 2.02967 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  

Technical analysis:

• A peak is formed in daily chart at 2.01490 on 02/03/2025, so more losses to support(s) 1.97390, 1.95896 and minimum to Major Support (1.94297) is expected.
  

Take Profits:

1. 1.99134
   
2. 1.97390
   
3. 1.95896
   
4. 1.94297
   
5. 1.92784
   
6. 1.91271
   
7. 1.89131
   
8. 1.85883
   
9. 1.82533
   
10. 1.80340
    
11. 1.77000
    
12. 1.72489
    

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