theacock
Short

GBPAUD Short at 2.1180

FX:GBPAUD   British Pound/Australian Dollar
58 0 0
Short at bottom of S/R Zone that stretches from 2.1180 to 2.1270. Expect move out of this upward channel the pair has been in since early May. AUD rates on hold now. GBP rate decision on Thursday could be catalyst for move down.
Stop 2.1350
First Target 2.0900 at 23.6 retrace of move up
Second Target 2.0600 at 38.2 retrace of move up
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