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GBPAUD 20 Oct 2023 on the H1 timeframe. It appears that the pair has continued its bullish trend since bouncing back from the S1 line yesterday. Being above the kumo cloud on the ichimoku indicator indicates that bullishness is still likely to continue towards the R1 line. If referring to the stochastic indicator, the chart shows that there will be saturation due to oversold when the pair is above the 80 level. For now go-long can be an option for scalpers until the pair touches R1. Afterward, if there is a bounce and a trend change to bearish then go-short is an option. Keep an eye on the market and all its indications before starting a trade.

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