FX:GBPAUD British Pound/Australian Dollar
The pair is nearing an important level which is either bounce or break, either way there is plenty of room and will give thousands of pips, I am for the upside and will be looking for entries in the next few days.
Comment: wrong label in the earlier one so deleted it.
Comment: decision taking level approached, I am for an upside as mentioned in the chart.
Comment: one hour trend line broken to upside
Comment: we are up 550 pips from from the lows, chart below is the real one now to focus on
even after break of gu.. i am still holding short of gbpaud.. stubborness..!!! though i am long gu and aud in majors :D but i will wait for Aud rate decision.. for more action.. as aud came up above 0.71 as i was expected.. giving more more confidence that it will continue up for 72.5 but on other hand we have breakout of gu which suggest it will continue towawrds 1.46.. lets see what brings asian session.. this will be cataylst for euraud and gbpaud..