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Cup & Handle Formation.
As we look into GBPAUD 1 hour chart we are able to see clear formation of Cup & Handle chart pattern. Cup & Handle chart pattern is considered to be reversal pattern. GBPAUD is currently on downtrend, this pattern signifies possible reversal on this pair. This could be evidence for the price to move higher fron this point.
Considering all the factors go long targeting initially 1.6670, 1.6720 & 1.6820.
