#GBPAUD projection pattern in bullish channel

After maintaining rates of both the RBA and the BOE the price of GBP / AUD has continued to trend downward from the average of bullish channel. In the next weeks we could to see a repeat of the bullish pattern of represented for the first elliot waves in the graph, close to the parliamentary elections in UK . Remember that next month the RBA could eventually to reduce rates in Australia which would increase the chance of a good bullish occur medium-term