GBP/AUD, New highs coming into end of January...
Hello Traders,
We hope everyone has had a good start to 2022, and lets continue as we mean to go on.
GBP/AUD is now probing the 1.9000 handle with a possible continue higher into fresh highs for the year. 1.9500 is the overall upside target for the next coming months, but as we break the recent HH printed around 1.8920 we can expected some volatile action.
Looking at the moving averages on the daily, it is possible that we may revisit them as we continue higher, but no significant downside ideas are lining up as yet.
Keep an eye on the pound news coming in on Friday which will have a strong impact on the morning.
We hope everyone has had a good start to 2022, and lets continue as we mean to go on.
GBP/AUD is now probing the 1.9000 handle with a possible continue higher into fresh highs for the year. 1.9500 is the overall upside target for the next coming months, but as we break the recent HH printed around 1.8920 we can expected some volatile action.
Looking at the moving averages on the daily, it is possible that we may revisit them as we continue higher, but no significant downside ideas are lining up as yet.
Keep an eye on the pound news coming in on Friday which will have a strong impact on the morning.