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SachinKotecha
Feb 4, 2019 12:28 PM

GBPAUD buy on break and close above resistance  Long

British Pound/Australian DollarFXCM

Description

A surprise in Australis housing permits of -8.4% as oppose to the forecasted +1.8% has left the AUD relatively weak. A break and close above 1.8104 for GBPAUD would warrant a buy, assuming no negative news added to the Brexit situation. Will update with targets and stop loss accordingly.

Trade closed: stop reached

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