Following the short on GBP/JPY which bagged over 200 pips there looks to be indication of a similar move on GBP/AUD possibly returning over double.
This pair has been stuck between the 1.87 and 1.73 area for over a year and a half now last month the resistance was retested however failed to break through resulted in price being stuck in a downwards channel. following an impulsive month upwards on Wednesday price is now at a previous support/resistance zone as well as the top of the downwards channel.
I don't let fundamental data influence a lot of my setups however Mark Carney is due to give a speech tomorrow morning (29th april) which could heavily influence the price of sterling.
If price rises and breaks resistance I will be looking for another retest of the 1.87 resistance level with potentially a break above.
This pair has been stuck between the 1.87 and 1.73 area for over a year and a half now last month the resistance was retested however failed to break through resulted in price being stuck in a downwards channel. following an impulsive month upwards on Wednesday price is now at a previous support/resistance zone as well as the top of the downwards channel.
I don't let fundamental data influence a lot of my setups however Mark Carney is due to give a speech tomorrow morning (29th april) which could heavily influence the price of sterling.
If price rises and breaks resistance I will be looking for another retest of the 1.87 resistance level with potentially a break above.
Pesanan dibatalkan
setup was broken now targeting 1.87 key area.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.