Hello traders and analysts,
Here is our Daily timeframe scenario -
With the strong Aussie position against the USD - we can see into 2021 - the aussie maintaining the strength.
However - the fundamentals can show a good brexit outcome will advance the GBP back to 1.84 zone
In the meantime the monthly shows the monthly zone between 1.67 - 1.62 for the GBP AUD so keep in mind this can be a long term point of overall bearish bias. But if price shows us on the weekly within the green zone - break or bounce (so far bonce) - await the weekly close to determine an entry point on the higher time fame.
all the best,
Team Lupa.
Here is our Daily timeframe scenario -
With the strong Aussie position against the USD - we can see into 2021 - the aussie maintaining the strength.
However - the fundamentals can show a good brexit outcome will advance the GBP back to 1.84 zone
In the meantime the monthly shows the monthly zone between 1.67 - 1.62 for the GBP AUD so keep in mind this can be a long term point of overall bearish bias. But if price shows us on the weekly within the green zone - break or bounce (so far bonce) - await the weekly close to determine an entry point on the higher time fame.
all the best,
Team Lupa.
