Good day and welcome to my post. I will be analyzing the GBPAUD today and showing how it is forming a double-edged sword.
The prices have been moving in a side-ways pattern, prices has been respecting the both psychological handle( Trendline Resistance and Support).
Now price is tryna retest the support, many will say this is a rising channel and will be looking for opportunities to short the market.
Using Economical Analysis, Great Britain recently signed a 1bn pounds contracts with the Indians. This action will most Likely Boost GBP and we must take that into consideration while trading this.
I am bullish on this pair for now and I hope to go long. Thanks!
If you Like what I posted or you have your own Idea? You can write it down, I will be very happy if you do that.
Also Like and click the Follow button to stay up-to-date.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.