theforexportal
Long

LONG GBP/AUD on the horizon

FX:GBPAUD   British Pound / Australian Dollar
The price of GBP/AUD is approaching a double trendline that will either send it back or will be an opportunity to get LONG.

Ideally we will see a break of this resistance and a return to it to test for support.

If we get that we can go LONG from 1.8800 area.

With GBP/AUD             currently only just above the monthly 23.6 Fib level at 1.8159,should we move higher, it could be the start of an appreciable move with massive risk reward.
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