GBP/AUD: Buyers Regain Control After Breakout

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GBP/AUD: Buyers Regain Control After BreakoutBritish Pound/Australian DollarFX:GBPAUDfullpriceactionAfter several weeks of bearish pressure characterized by a sequence of lower highs, GBP/AUD appears to be confirming a shift in market structure. The pair has recently broken above its long-term descending trendline and exited a corrective consolidation channel, suggesting renewed bullish momentum. As long as price remains above the breakout area, further upside could develop toward the major resistance zone between 1.93 and 1.94, where previous market highs are located. Don't forget to leave a 🚀 under the graph and follow me if you liked this analysis.