Post #4253

📊GBP/AUD H4 – Technical & Fundamental Outlook 💡 The pair has recently broken out of its descending channel after finding strong support around 2.0400 – 2.0370, signaling a potential shift in momentum. Technically, the breakout alongside rejection from the demand zone points to bullish continuation toward the 2.0950 – 2.1000 resistance zone. 📊Technical Outlook: 📎 Breakout from descending structure ✅ 📎 Key support held at 2.0400 ✅ 📎 Upside target 2.0950 – 2.1000 💲 📰Fundamental Insight: 📎 The GBP is finding strength amid expectations that the Bank of England will maintain a cautious policy stance due to persistent inflation pressures. 📎 Meanwhile, the AUD remains under pressure as commodity demand weakens and RBA policy leans more dovish compared to other central banks. 📈 Overall bias: Bullish towards 2.0950 – 2.1000 in the short term, as long as price holds above 2.0400. 🔐Always manage risk and follow your trading plan. ⸻ 📱For more real-time setups & detailed analysis → Join our Telegram @ShadowTraderFX