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dnsmith
Feb 17, 2019 7:19 AM

Beware the GA - A move is about to happen, but which way? 

British Pound/Australian DollarFXCM

Description

GA is going to make a big move this week, but the question is long or short?

The reason why I am neutral on this is a combination of recent price action of each pair and currency strength.

Following the channel would indicate a move to the upside - although we recently saw a lower high, indicating a reversal maybe imitate.

The other thing to note on this pair is the strength of both pairs, the AUD is at support across many pairs and getting ready to gain strength, whilst the GBP is being driven through Brexit. Whilst I normally don't look at fundamentals, the question regarding the next move is which currency is going to be stronger???
Comments
DACapitalTrading
Good view buddy! Check out my GA Position:
dnsmith
@DACapitalTrading, I like your analysis. My bias is for the move up, but we will see how it plays out.
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