GBP/AUD completes a Cypher pattern at bespoke support [Video]
The move higher in the Australian Dollar after higher than expected inflation data, triggered my GBPAUD long trade idea overnight.
Looking at the single currencies, this completed a bearish Crab in the AUD. Although we could see volatility with the UK budget today, GBPAUD looks favourable to the upside after completing a bullish Butterfly. The long-term bias is now positive.
Reprinted from FXStreet，the copyright all reserved by the original author.
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