OANDA:GBPAUD   British Pound / Australian Dollar
REASONS:

GBP: STRENGTHENING AGAINST AUD, NO DEAL BREXIT NOT EXPECTED BY MARKET

AUD: RBA INTEREST RATE HIKES PUSHED BACK FURTHER TO MID-2020

AUD: PRESSURED BY FALLING STOCKS AS IT IS A RISK CURRENCY



TECHNICALS:

INVERSE HEAD AND SHOULDERS

AT RESISTANCE, ABOUT TO BREAKTHROUGH TO UPSIDE POTENTIALLY


RISKS TO THE TRADE;

US-CHINA TENSIONS EASE AND A DEAL MADE

STOCK MARKET RECOVERY

GBP: MEANINGFUL VOTE IN PARLIAMENT RE BREXIT DEAL IS VOTED DOWN

Comment: TARGET HIT 3 JAN 10PM
Trade closed: target reached

Comments

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