GBP/AUD Long

Wedging to the tip, looking for a breakout to the upside into weekly resistance. The Aussie might need to take a breath for a few days after the recent change in momentum giving the Pound a chance to rally. Of all the Aussie crosses the Pound has not given up much, so this tells me it is pretty strong. With the fundamentals of both currencies favoring the bulls I am expecting a nice battle between them. Overall I think the Pound is stronger so I am favoring the bulls in this possible breakout scenario. Tight Stop under wedge low and a decent rr for a pullback breakout to the upside.

-Solid black lines are weekly levels support/resistance (major)
-Dotted black lines are daily levels support/resistance (minor)


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