FX:GBPAUD   British Pound / Australian Dollar
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GBPAUD             just hit a level of demand as of this morning (London session) and based on AUDUSD             which also hit a supply should see GBPAUD             break up higher. There is a potential for this pair to make over 1000 pips. There is also a gap at around 2.00000 indicated by arrow. The double bottom also indicate a bullish pattern . HOLD on to your seats!
Comment: CPI news for AUDUSD worst than expected 0.2 Actual, Expected 0.5. This translate into a nice catalyst for price to move higher for GBPAUD pair.
Comment: We now have a little speed bump a head. The daily sentiment is up so I still expect the price move higher
Comment: RBA announced rates cut by 25bp, cut from a cash rate of 2% to 1.75%. AUDUSD was heading towards 0.7700 before this announcement and if you look closely at the daily chart for AUDUSD head & Shoulders formed and this is also a confirmation for a bearish trend.

Therefore, GBPAUD moving in the opposite direction.
Comment: This pair has already done over 1000 pips as mentioned at the beginning. We could now be heading towards 2.0000.
Comment: "RBA ready to cut rate again" was the news now sending GBP soaring against AUD. Getting closer to 2.0000
We now have a little speed bump a head. The daily sentiment is up so I still expect the price move higher
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