Beware the GA - A move is about to happen, but which way?
GA is going to make a big move this week, but the question is long or short?
The reason why I am neutral on this is a combination of recent price action of each pair and currency strength.
Following the channel would indicate a move to the upside - although we recently saw a lower high, indicating a reversal maybe imitate.
The other thing to note on this pair is the strength of both pairs, the AUD is at support across many pairs and getting ready to gain strength, whilst the GBP is being driven through Brexit. Whilst I normally don't look at fundamentals, the question regarding the next move is which currency is going to be stronger???
The reason why I am neutral on this is a combination of recent price action of each pair and currency strength.
Following the channel would indicate a move to the upside - although we recently saw a lower high, indicating a reversal maybe imitate.
The other thing to note on this pair is the strength of both pairs, the AUD is at support across many pairs and getting ready to gain strength, whilst the GBP is being driven through Brexit. Whilst I normally don't look at fundamentals, the question regarding the next move is which currency is going to be stronger???