supersimpl3

Monthly Outlook GBPAUD

Short
FX:GBPAUD   British Pound / Australian Dollar
This pair is looking for its weekly trendline.

I think we see a move to the downside from the support-turned-resistance area at 1.61.
I'll keep an eye for some reversal signals around the current area before accumulating a small position downwards.
I'd estimate holding this trade for 20 days or so, target at 1.9, SL: 1.97

Update in the comments if I move on this pair.

Happy Thursday.
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