GBPAUD waiting for the break of the range
Price again testing the upper trend line after a false break from election period. Upcoming week is key and all attention on UK Brexit conclusion. Boris finally pushed his Brexit plan and on Friday 31st UK is leaving the EU.
Also on Thursday we have BoE, Carney's last meeting, with various call from board members to potentially cut the rates to boost the economy. 2019 had the slowest growth since 2012 and some members already expressed dovish outlook on the rate decision.
So lots of fundamentals this week for GBP.
Technical range in the comments shows that a breakout trade is likely here.
Good Luck!
Also on Thursday we have BoE, Carney's last meeting, with various call from board members to potentially cut the rates to boost the economy. 2019 had the slowest growth since 2012 and some members already expressed dovish outlook on the rate decision.
So lots of fundamentals this week for GBP.
Technical range in the comments shows that a breakout trade is likely here.
Good Luck!
Comment:
1 hour chart shows a clear range