← All chart analyses
TECHNICAL ANALYSIS · GBP/AUD · D1

GBP/AUD D1: 50% Pullback to Weekly Support, Eyeing a Long

GBP/AUD is pulling back about 50% after an impulse from W1 support. I'm considering a buy near 1.8930 with SL at 1.8840 and a first TP at 1.9190.

Published Oct 14, 20261 min read50% pullback to weekly support
GBP/AUD D1 chart with my markup: 50% pullback to weekly support
GBP/AUD · D1 · my chart on Oct 14, 2026 (JForex, Dukascopy feed)
Watch the 20-second ShortThe same analysis, animated · YouTube
BiasBullish
Price at publish1.89481
Trigger1.8930
Target1.9190
Invalidation1.8840
StatusActive

What I see

On the daily chart, GBP/AUD is retracing after a strong impulse up from the W1 support zone. The pullback is roughly 50% of the prior move. The current price of 1.89481 is holding just above the top of the highlighted zone.

Key levels

  • W1 support zone: 1.87244 – 1.89117
  • Considered entry: about 1.8930
  • Stop loss (SL): 1.8840
  • Take profit (TP1): 1.9190

My plan

If price comes back to the area around 1.8930 and holds above the support zone, I'm considering a long. I would place my SL at 1.8840, below the entry area, with the first target at 1.9190.

If price drops below 1.8840, the long idea no longer holds for me and I will reassess the pullback. I'm not rushing the entry and want to see how price reacts at the level.

This is my personal read of the chart, written before the outcome is known. It is not investment advice.