FX_IDC:GBPAUD   POUND STERLING / AUSTRALIAN DOLLAR
After the better than expected Aussie employment report and the Oil             price once again rejecting 30$b/b I would expect to see some minor strength in the Aussie today. The combination of the MPC             official bank rate votes and other Important data due out in the UK today which I expect to be on the dovish side we should see this pair post further downside. On the technical stand point we have seen the declining trend line rejected and the recent attempt to retest also ended in candlestick rejection. Stops will be above that recent rejection and targets as shown on the chart by the red arrows. Learn to trade like a pro http://bankonadam.com
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