Strong Selling Opportunity for the Australian Dollar on the Hourly Timeframe

The GBP/AUD pair has begun to resume its downward trend due to selling pressure on the hourly timeframe, as seen on the chart.

Currently, the pair has established strong selling zones on the hourly timeframe, with strong expectations of continued decline.

Expected Targets

If the price rises and tests the supply zones near the 1.9255 level, we anticipate a renewed decline, targeting 1.92300, 1.92000, and 1.91700 respectively.

The expected decline from the supply zones will be invalidated if the price breaks above these zones and closes above them with a full hourly candle.