forexTrdr
Short

forexTrdr GBPAUD- KANGAROO BOUNCE

FX:GBPAUD   British Pound / Australian Dollar
Morning traders,

Looking to take advantage of the weakness in Aussie dollar overnight which took GBP AUD higher providing a great entry point for shorting British Pound against Aussie dollar. Our chart on trading view highlights the levels of overbought status on both RSI and Stochastics which have previously led to a move lower and the chart work also highlights the level of resistance that the pair has reached from which we expect to see a pull back eventually to mid 1.81 area.


Good luck trading

from the Team at forexTrdr



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