Dear Traders,
The GBP/AUD is extremely bullish. Watch for the move towards 1.9633 and 1.9770. Buying the dip is still the best option.
The GBP/AUD is very bullish. We could have a move up to 1.6133 and eventually 1.9770. 1.9350-1.9435 is the zone where we might see bounces towards targets. If the price makes to M H5 around 1.9770, watch for a potential rejection and a retest of 1.9630 levels. Until the M H5 is reached, buying the dips seems to be the best option. Take a look at MyFXBook and see the last few days of trading solely GBP crosses.
The analysis has been done with the CAMMACD system.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.
Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
Leave a Reply