OANDA:GBPAUD   British Pound / Australian Dollar
Hello everyone! I share with you this idea to go Long in GBPAUD. Price is currently in range for the last weeks but its behavior from a technical point of view show me the intention to grow up. There is an interesting level of support between 1.7525 and 1.7477, SL is protected below and i set up the TP at 1.8187. Good Risk to Reward. Price has tested the support lately two times as we can see in the chart, then he brokes the support zone and went up aggressively again showing me buyers intention(Commercials continue to buy GBP, so we can expect a reversal). From a Fundamental perspective the BOE has raised its interest rate to 1% recently since 2009, it is important to take in consideration this event.

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