Just like the GBPNZD and GBPCAD my long term is very on this pair.
Commodity currencies are getting stronger ( AUD, NZD,CAD) and the GBP is extremely overbought.
I expect no rate cut for the AUD today, so the AUD will get stronger. The possible GBP rate hike is too far.
Technically, we have a candle close below the key level 1.1500.
is showing momentum.
Not one of my prefered technical setups, but i do not want to miss this trade.
Warning: trading before rate news is highly risky. My trading style could be not suitable for all traders. In this case i prefer to trade with no stop loss and manually manage the trade during the news.