We are Long GBPAUD on its break of the temporary downtrend since August. We believe the long-term trend is still intact and about to continue its move higher.
With the 20 day Average True Range approximately 250 Pips, it's not too late to jump on-board this bullish trend.
Risk should be 1x to 2x the Average True Range while initial target is 2.18000 with an ultimate target of 2.20000 If GBPAUD can close above 2.21500 it could be off to the races higher.