Trader_97

GBP/AUD OUTLOOK

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FX:GBPAUD   Libra Esterlina/Dólar Australiano
4
GBP continues to move higher against the Aussie in a corrective structure since it found support @ 1.60.Two ways to trade this now.... Look to buy lows inside the structure,close to support areas or wait for the pair to clear the previous high in place @1.6574, price will likely stall and fail to rise if the level remains unbroken...so the other way is to wait for a breakout and in that case we may see the price test 1.6615 & 1.6718 areas.

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