On the 4h chart of GBP/AUD, we are tracking an ending diagonal pattern that is part of a complex corrective decline visible on a daily level. That said downside may be limited, as blue wave 5 can be near completion around the lower trendline. We still need confirmation of a bullish turn, therefore we could be even interested in longs, if level 2.0322 is broken.
GBP/AUD, 4H