GBP/AUD Timeframe H4 
Based on the GBP/AUD chart on the H4 timeframe, the condition of this currency pair shows a transitional phase after previously experiencing a quite strong uptrend. Analysis using the Moving Average 100 (MA 100) and Moving Average 200 (MA 200) indicates that the market structure still has a bullish tendency in the medium term, although there has been a significant correction in the recent sessions. Currently, the price is moving around the intersection of the two moving averages, placing the market in a crucial phase of determining direction. The price movement since early June shows a dominant bullish momentum. The increase has been gradual until reaching a peak around the 1.9117 level. During this period, the price was able to move above the MA 100 and MA 200, with the MA 100 also successfully crossing above the MA 200. This condition is known as a golden cross, which generally reflects a strengthening uptrend. However, after reaching this peak area, selling pressure started to emerge, triggering profit-taking actions that caused the price to gradually decline. The correction from the 1.9117 area brought the price back towards the MA 100 and MA 200. Interestingly, despite experiencing a sharp decline, the price still managed to stay above the main support, thus not confirming a trend change to bearish yet. Currently, it is observed that the price is consolidating around the moving average area, indicating a temporary balance between buyers and sellers' strength. From the horizontal support perspective, the 1.8798 area is the nearest support that plays a crucial role in maintaining the medium-term bullish structure. This level has several times acted as a price bounce point, showing significant buying interest. As long as the price holds above this area, the opportunity to continue the uptrend remains open. If this support is convincingly breached, then selling pressure may potentially lead the price towards the next support around 1.8686. The 1.8686 level is a stronger support as it was previously a significant consolidation area before the bullish rally in early June. A breakthrough below this level will increase the risk of a market structure change to bearish. Below it, the next support is at the 1.8607 and 1.8524 areas, which are the lowest zones in the price range over the past few weeks. These areas have the potential to become downside targets if negative sentiment dominates the market in the medium term. Meanwhile, the nearest resistance is located in the 1.8958 to 1.8985 area. Currently, this zone is the main obstacle for price recovery efforts after the correction. Besides being a horizontal resistance, this area is also around the position of the MA 100 and MA 200, giving it more significant technical weight. If the price manages to break through and stay above this zone, it will signal that buyers are starting to regain control of the market. The next resistance is at the 1.9031 level, which previously functioned as a support area in the last downward phase. If the price successfully surpasses this level, the opportunity for an increase towards the previous peak area around 1.9117 will become more apparent. The 1.9117 level itself is a crucial main resistance as it was the highest point reached during the last uptrend. A breakthrough above this level will strengthen the bullish prospects and open up room for higher levels in the medium term. From the moving average perspective, the price position still being very close to the MA 100 and MA 200 indicates that the market is seeking a new direction. As long as the MA 100 remains above the MA 200, the medium-term trend can still be categorized as bullish. However, if selling pressure continues to push the MA 100 back down and crosses below the MA 200 from above, it will be an initial signal of a trend change that needs to be monitored. The latest candlestick movements show that buyers are starting to defend the support area after the sharp correction in mid-June. The rebound from the lower area indicates that buying interest is still present, although not strong enough yet to produce a breakout above the nearest resistance. Therefore, the current market focus is on the price's ability to break through the 1.8958–1.8985 zone or conversely move back down towards the 1.8798 support. Overall, the technical analysis of GBP/AUD on the H4 timeframe still indicates a moderate bullish tendency as the MA 100 remains above the MA 200 and the price is still around important support areas. The main support levels are at 1.8798, 1.8686, 1.8607, and 1.8524, while significant resistance levels are at 1.8958, 1.8985, 1.9031, and 1.9117. As long as the price holds above the 1.8798 support and moves back above the MA 100 and MA 200 areas, the chances of continuing the uptrend are higher than the risk of a trend reversal to bearish. However, a breakthrough below the main support will signal that selling pressure is starting to take control of the market.
*Die zur Verfügung gestellte Marktanalyse dient zu den Informationszwecken und sollte als Anforderung zur Eröffnung einer Transaktion nicht ausgelegt werden
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