GBPAUD - Short Term Long

20 нояб.

UK delivered higher than expected inflation numbers overnight. The overall trend for the pair still on the upside trajectory. In the current environment GBP is a good asset to hold long. Although chart shows a range bound price action over time, technically looks like a buy. Note oversold momentum on stochastics. I took a long portion this morning and my target is at the green line at 1.9600. Anything could change especially on the geopolitical front. For now I believe this is a solid long.