LimitMarkets

Pound relief supports rise

Long
FX:GBPAUD   British Pound / Australian Dollar
The Parliament's decision to hold early elections on December 12 has relieved the pressure on the pound. The pair price is rising towards 1.8800. If the price persists there, it will get out of the triangle and aim for 1.8850, roughly corresponding to the 23.6 Fibonacci retracement level.

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