So again this is another really good trade to keep your eye on to see if price breaks either our TL or respects it and breaks strong support, a break of either should produce explosive or movement.
This trade is like having a wife ( TL ) and a fancy woman ( Support ) on the side... you want to go with the TL ( wife ) as she has stood by you and respected you for along time but the looks tasty and you cant help but let your mind stray ;p
Always trade with caution and correct risk management.
1. GBP is gaining strength across most pairs.
2. AUD is losing strength across most pairs.
So if this continues the ratio of GBP to AUD (GBPAUD) is likely to rise. The big time frames show where the pressure is and it's favoured direction