GBPAUD ANALYSIS JANUARY 2021

ANALYSIS 16-JAN-2021

CMP: 1.7631; RES: 1.8527/2.0595; SUP: 1.7413

Are we in upside correction?

Based on Weekly Chart, downside min target done at 1.7413.

Extension can be 1.7243-1.7121, 1.6577-1.6491, 1.5371-1.5168, 1.4626-1.4376.

Based on Daily chart,

If 1.7413 support holds, we can see 1.7676-1.7727, 1.7839-1.7866, 1.7968, 1.8102, 1.8200.

Based on Hourly chart,

If 1.7543/1.7413 holds support, we can see 1.7678, 1.7700. 1.7734.

As of now my preference stay aside with this pair.

It looks like bulls can take charge if 1.7413 holds support.

Previous Analysis: https://rajtechanalysis.blogspot.com/2021/01/gbp-pairs-04-jan-2021.html