GBPAUD: Short from 2.14365, targeting 1.90 for the longer term
GBP should be looking weaker in the coming weeks/months with an eventual decline to 1.90 support. Weaker Q3 GDP perhaps + weak inflation. Jobs is the only thing going for the UK right now and BoE's flip flop on interest rates.
RR offers a 1:4 set up and a close above 2.16 will put the set up at risk. A higher close above 2.20 will keep GBPAUD to continue trending higher. 2.02 and 2.025 are partial levels to book profits.
RR offers a 1:4 set up and a close above 2.16 will put the set up at risk. A higher close above 2.20 will keep GBPAUD to continue trending higher. 2.02 and 2.025 are partial levels to book profits.
