GBPAUD
Rationale :
1. AUD - RBA cuts its inflation projection, slow growth concerns, on hold from changing interest rates but refuse to play the hawkish game. Dovish RBA, bearish AUD
2. GBP - Strong data on trade and industrial output helped Sterling to be supported on Friday. Political risks (Brexit) eased last week which also helps. USD bearishness (tax reform uncertaintly) also helps.. yes ive typed helps three times already. i need help. GBP Bullish
1. AUD - RBA cuts its inflation projection, slow growth concerns, on hold from changing interest rates but refuse to play the hawkish game. Dovish RBA, bearish AUD
2. GBP - Strong data on trade and industrial output helped Sterling to be supported on Friday. Political risks (Brexit) eased last week which also helps. USD bearishness (tax reform uncertaintly) also helps.. yes ive typed helps three times already. i need help. GBP Bullish
Note
Price goes down several pips than I anticipated. its on 61.8% retracement level now 1.71367. No fundamental reasons to suggest the current narrative (Bullish sterling) has shifted for now, so this plan still valid. give it few more hoursNote
UK PM May story. Potential sentiment shift from bullish Sterling to Bearish Sterling
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.