KarYong

GBPAUD: Trading the UK Referendum

Long
FX:GBPAUD   British Pound / Australian Dollar
In view of the UK Referendum this coming Thursday (23rd June), if the UK were to remain in the Euro zone, the focus will be on GBPAUD.

We expect GBPAUD to head further north breaking the immediate resistance level with the short term momentum from GBP strength and the weakness on AUD.

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