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GBPAUD 26 Jun 2023

GBPAUD 26 Jun 2023 on the H1 timeframe, looks like the pair is in a good situation. It is above the kumo on the ichimoku indicator with the tenkan-sen also above the kijun-sen. It bounced down when it touched 1.90678 and is now at 1.90363. However, if we refer to the stochastic indicator which looks oversold, it is possible that there will be a bullish trend reversal. Therefore go-long could be an option for scalpers. Keep an eye on the market movement and trade with your ow risk.

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