theforexportal

GBPAUD - LONG after we see a pullback

Long
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD is relentlessly targeting the 200 sma on the DTF that lies just 200 pips above.
Studies looked fairly stretched but there's room to the upside before overbought conditions come into play.
Under 1.6194 and the outlook turns BEARISH but as long as we stay above this level we should move higher.

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