After GBP/AUD reached the 4-hour chart bullish vacuum block of 1.9592-1.9739, the price is going up, forming a Rejection Block in the Daily Chart. As we know, the overall bias of the pair is still bullish. At present, GBP/AUD is trapped in the Daily Rejection Block area of 1.9877-2.0780, although the pair still aims to hit the target at 2.0206. There is a probability that GBP/AUD will retrace downwards amid the pressure from the Daily Rejection Block. However, as long as the pair does not break out and closes below 1.9628, GBP/AUD still has a chance to raid the target at 2.0206.
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