lukeboland
Long

GBPAUD: The Uptrend Continues

FX:GBPAUD   British Pound/Australian Dollar
Hi trader,

GBPAUD             has been in a strong uptrend for the last two weeks. The breakout of 1.9450 suggests to me that this pair is likely to continue higher into next week. Trend following traders may already be long on the break (if so, well done, now just hold on!). If you have missed it, a more conservative play is to wait for a pullback to the breakout point of 1.9450 and look for buying opportunities.

If you don't regularly trade Pound Aussie be aware that it is a rather volatile crosspair and can easily move 100 pips in a short period of time (like it did 5 minutes ago with RBA rate statement release).

Good trading and have a great weekend,

Luke
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out