Black Friday saleUp to 70% OFF

Gbpaudbuy

A Unique Perspective on GBPAUD PairBased on our analysis, we anticipate a bullish trend for the GBPAUD pair in the coming weeks. The fundamental factors indicate a relatively stronger outlook for the GBP compared to the AUD. Positive economic data and improving sentiment in the UK, coupled with potential uncertainties surrounding the Australian economy, suggest a favorable environment for the GBPAUD pair. Our profit target for this trade idea is set at 1.97500, representing a significant upside potential. We anticipate a gradual appreciation of the GBP against the AUD as market conditions align with our analysis. To manage risk, we establish a stop loss area at 1.87900. If the trade goes against our prediction and the price reaches this level, we would exit the trade to limit potential losses.
Long
by chsrg
GBPAUD SHORT Risk RisingThe sharp pullback in GBP/AUD raises the risk of a deeper setback in the short term. GBP/AUD’s sharp retreat in recent days has made the cross vulnerable to a deeper setback in the near term. This follows a retreat from strong horizontal trendline resistance at about 1.9200 (see chart). The 14-week Relative Strength Index has retreated from overbought conditions – levels that have been associated with a pullback in the cross. GBP/AUD is testing a vital floor at the early-May low of 1.8590, so some rebound can’t be ruled out. But chances are that it won’t hold the support for too long. Any break below could open the door toward the early-April low of 1.8250. After a spectacular run of outperformance since February, UK macro data have generally underwhelmed since mid-May, according to the Economic Surprise Index. Nevertheless, the strong-than-expected data since the start of the year has prompted upgrades to the economic outlook for the current year. Meanwhile, the slower-than-expected moderation in UK inflation in April has raised the odds of a Bank of England (BOE) rate hike this month. BOE hiked its benchmark rate by 25 basis points in May after pausing in April, and the market is pricing in almost four rate hikes by the end of the year, taking the terminal rate to 5.41% from 4.50% currently. The next week bring UK jobs, GDP, and manufacturing output data ahead of the BOE meeting on June 22, which could stir things up a bit for GBP. Until then, the pound could be due for a breather after a spectacular run against some of its peers.
Short
by DaveBrascoFX
GBPAUD Trading Plan - 8/Feb/2023Hello Traders, Hope you all are doing good!! I expect GBPAUD to go Up after testing OB + Gap. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
GBPAUDIf you followed my analysis on GA last week, we took a short buy which got to our TP but as i said the overall trend on GBPAUD was a sell. The sell did happen at resistance level of 1.76229 around the 50% fib level but price got rejected again on the support level at 1.72596 and also bounced off my trendline (Third touch) which further confirms the change in price direction for a buy. I expect a push back up to 1.76229/1.77262 for a proper rejection before the main SELL happens! Mind you, we also have to take into consideration of the upcoming fundamental news this week on AUD cash rate followed by RBA statement on Tuesday and GBP monetary policy and GDP coming up on Thursday and Friday respectively. Trade recommendations: Look for a buy option around 1.73499 TP 1: 1.74910 TP 2: 1.76229 TP 3: 1.77262 Note: As always we react to what we see in the market!
Long
by djhopssy
GBPAUD BUY So Basically We are In on GBPAUD, On a Longterm Buy Of 300 pips Plus. So we are Waiting Patiently For A short Confirmation Before Making a Buy Moves. Confirmation entry at the Blue line area Which is @1.76596 That’s the Buying area, So let’s move on to the short before the Buy GBPAUD SELL 129 pips SL: 1.78331 TP: 1.76596 Then For our Major Buy which we are all Focusing on GBPAUD BUY 300 pips plus SL: 1.76029 TP: 1.79666 Good Luck Guys If you Like this Analysis Please Drop a Comment thanks guys.
Long
by GoCrazyfx0
GBPAUD BUY So Basically We are In on GBPAUD, On a Longterm Buy Of 300 pips Plus. So we are Waiting Patiently For A short Confirmation Before Making a Buy Moves. Confirmation entry at the Blue line area Which is @1.76596 That’s the Buying area, So let’s move on to the short before the Buy GBPAUD SELL 129 pips SL: 1.78331 TP: 1.76596 Then For our Major Buy which we are all Focusing on GBPAUD BUY 300 pips plus SL: 1.76029 TP: 1.79666 Good Luck Guys If you Like this Analysis Please Drop a Comment thanks guys.
Long
by GoCrazyfx0