Convergence/Divergence GBPAUD Long

FX:GBPAUD   British Pound / Australian Dollar
135 1
The GBP needs to keep pace with the AUD on the positive data front, but if it can hang there's potential here for a solid upward move. I'm targeting: 1.68214 first and, second, if nothing fundamental shifts, 1.69283.

Price Target 1 -- Nailed it @ 1:00p.m. EST.


We hit Target 1 and have stalled. It's looking pretty heavy. But I'm not sure the run is over. It might be worth while to move our stop up from b/e (entry point was 1.6687) to 1.6740, and buy into any pullback here. Be careful though, the AUD's been killing it lately and likely will continue to do so longer term.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out