Hello fellow traders!
GBP/AUD is trading today along the rising support line, which the pair has been following since the beginning of the year.
Previously, the pair failed to break the line and consolidate below it.
This week, I believe we will see a further rise from the line.
I recommend to place a long position from the price of 1.94450.
Stop loss at 1.93650.
Intermediate target: 1.96000
Main target: 1.98200
Risk:reward ratio 4.7
GBP/AUD is trading today along the rising support line, which the pair has been following since the beginning of the year.
Previously, the pair failed to break the line and consolidate below it.
This week, I believe we will see a further rise from the line.
I recommend to place a long position from the price of 1.94450.
Stop loss at 1.93650.
Intermediate target: 1.96000
Main target: 1.98200
Risk:reward ratio 4.7