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
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