GBPAUD : Boomerang Season!
G’Day Mates! Bringing you my analysis on GBPAUD on the first trading day of the month!
Going from a Daily standpoint we are just playing around our key level of 1.80000.
At the moment we have had 3 bearish daily closures with selling pressure coming in again for investors, brought upon by clear uncertainty.
At the moment a rejection from 1.80000 could see us taking this pair to retouch 1.82200.
A failure to reject from 1.80000 and I can see us coming to around 1.78000.
Each way we are looking at 200pip targets.
It’s important to note we have printed a heavily bearish 4 hour candle and on the lower time frames have rejected from 1.80000.
Fundamentally we are inundated with Brexit news. The next month into October are vital for GBP pairs as 3 years worth of negotiations are coming to an end with still no clarity on what will happen.
I will also add we have major news for AUD coming out in the early hours of Tuesday which will take effect within gbpaud so i would be aware of those events.
A bullish AUD will have this pair heading lower. Looking at the opposite a Bearish AUD will have this pair on the rise.
GBPAUD
G’Day Mates! Bringing you my analysis on GBPAUD on the first trading day of the month!
Going from a Daily standpoint we are just playing around our key level of 1.80000.
At the moment we have had 3 bearish daily closures with selling pressure coming in again for investors, brought upon by clear uncertainty.
At the moment a rejection from 1.80000 could see us taking this pair to retouch 1.82200.
A failure to reject from 1.80000 and I can see us coming to around 1.78000.
Each way we are looking at 200pip targets.
It’s important to note we have printed a heavily bearish 4 hour candle and on the lower time frames have rejected from 1.80000.
Fundamentally we are inundated with Brexit news. The next month into October are vital for GBP pairs as 3 years worth of negotiations are coming to an end with still no clarity on what will happen.
I will also add we have major news for AUD coming out in the early hours of Tuesday which will take effect within gbpaud so i would be aware of those events.
A bullish AUD will have this pair heading lower. Looking at the opposite a Bearish AUD will have this pair on the rise.
GBPAUD