GBPAUD LONG · FOREX

GBPAUD on H4 established a multi-month low near 1.8560 in late April and subsequently constructed a clean impulsive advance toward the 1.9120–1.9150 resistance cluster in the first half of June. The pullback from that high has now retraced into a horizontal confluence zone around 1.8910–1.8940, which aligns with the March/April consolidation floor and represents a logical area of structural interest. Selling momentum is visibly decelerating at this level while the broader sequence of higher lows from April remains intact.