justatrader
Short

GBPAUD: Short from 2.14365, targeting 1.90 for the longer term

FX:GBPAUD   British Pound/Australian Dollar
275 0 8
GBP should be looking weaker in the coming weeks/months with an eventual decline to 1.90 support. Weaker Q3 GDP perhaps + weak inflation . Jobs is the only thing going for the UK right now and BoE's flip flop on interest rates.

RR offers a 1:4 set up and a close above 2.16 will put the set up at risk. A higher close above 2.20 will keep GBPAUD             to continue trending higher. 2.02 and 2.025 are partial levels to book profits.
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