Following the BOE decision and the fact that they are backing away from the idea of negative rates allowed the GBPAUD to pivot off some key support. Just below the 1.7800 level was a broken trend line (red) and also the 38% retracement of 2021 move higher. Also this is the 50dma and 48ema. As long a
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#GBP/AUD# GA broke out of its downward channel two weeks ago and is still trying to gain its momentum to the upside. I would like to see GA form some sort of stop hunt to the low before I enter a buy. Price reaching 1.805 would be ideal but, I will be reactive nonetheless... (hence all
#GBP/AUD# According to the chart technique, next year there will be a bullish development, because the low should be tested again first, which provides a strong support zone . Do not miss this great opportunity!